Makalot eyes spoils from US-China trade dispute
24/04/2018
Its net profit for this period grew 5.2%, however, to a little over $13.7 million. It attributed this to more stable exchange rates compared to the first three months of 2017.
The Taipei Times quoted an unnamed official from Makalot as saying that the company could benefit from the ongoing trade dispute between the US and China.
“We might see increasing orders, as some brand clients might start to find new suppliers that have overseas production bases besides China,” the official reportedly said.
Makalot has said it makes more than 90% of its products outside of China. It added that the garments made at its Chinese plant are mainly sold to customers in Japan.
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