MARK - Expects to maintain 20% net profit margin

MARK - Expects to maintain 20% net profit margin Mark Dynamics Indonesia' (MARK) gloves moulding sales has started to normalize this year (post pandemic) as its gloves moulding sales declined 45.51% yoy to IDR401.08 bn in 9M23 and its 9M23 net profit declined 54.74% yoy to IDR98.49 bn. In 2021 and 2022, MARK' gloves moulding sales soared as the medical needs' demand for gloves increased. Yet, MARK is still optimistic this year as its revenue and net profit is still better than in 2019 and 2020. As a result, MARK' CEO expects that the company could maintain at around 20% net profit margin due to its continuous innovations and production lines' higher efficiency. Note that, the demand growth for gloves moulding is around 6-10% each year and aside from domestic market, MARK has exported its products to China, US, India, Sri Langka and other countries. (Source: Kontan)