Rex Industry: Turnaround done, double the revenue next

Managing director Darmendran Kunaretnam (pic) sees “significant room for improvement” for the group’s margins, going forward.

CANNED food and beverage manufacturer Rex Industry Bhd’s three-year turnaround plan was completed recently and this has brought the group back into profitability, including at the operating profit level.

Had it not been for the Covid-19 pandemic, Rex’s profits for the financial year ended June 30, 2021 (FY21) would have been higher, according to the group.