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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 53
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

The rise of online financial fraud in Malaysia
Cybersecurity experts share their views
Letter to the editor
Dutch Lady losing dividend appeal
Currencies crack as dollar dominates
Stable currency is a must for the economy
Persistent overhang
Kechara Soup Kitchen set for expansion
Making peanut butter cool again
The winding road to a 15% global minimum tax

Others Also Read