Up 80.41%, Medical Glove Producer Issuers Earn IDR 125 Billion Net Profit in First Quarter 2022

Medical glove manufacturer, PT. Mark Dynamics Indonesia Tbk, recorded a net profit of IDR 125.11 billion in the first quarter of 2022. This profit rose 80.41% compared to the same period in 2021.

President Director of MARK Ridwan said this net profit was contributed by the company’s revenue in the first quarter of 2022 of Rp 361 billion, up 66.02% compared to the same period last year.

According to him, this income is also driven by public awareness of health and hygiene after Covid-19, this has made glove printing companies in various countries increase their production capacity by building new factories.

“Although currently Covid-19 has entered an endemic state, where the demand for gloves is not as aggressive as last year, the existing demand is quite stable because our customers are still increasing their demand for replacement glove prints,” said Ridwan, Thursday (19/19). 5/2022).

This year, he said, the company expanded its global sales coverage by penetrating into China, the United States, Malaysia, Thailand and Africa.

For the composition of global sales of glove molds, Malaysia is still the largest sales share, because the country is the holder of the world’s largest market share of gloves.

The company also continues to innovate so that the production of the company’s glove prints is one of the premium ones or has the best quality when compared to its competitors.

The company continues to be committed to providing added value for all stakeholders, where currently the company is the largest glove mold producer in the world with utilization rates from the three factories currently capable of producing up to 2 million glove prints per month.

“With this achievement, we will continue to maintain MARK’s business growth. We are targeting that in 2022, consolidated sales are predicted to increase 40% from 2021 to IDR 1.5 trillion and a bottom line of around IDR 450 billion,” said Ridwan.

Reviewer overview

Up 80.41%, Medical Glove Producer Issuers Earn IDR 125 BillioUp 80.41%, Medical Glove Producer Issuers Earn IDR 125 Billion Net Profit in First Quarter 2022n Net Profit in First Quarter 2022 - /10

Summary

Medical glove manufacturer, PT. Mark Dynamics Indonesia Tbk, recorded a net profit of IDR 125.11 billion in the first quarter of 2022. This profit rose 80.41% compared to the same period in 2021.

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