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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Solarvest launches smart solar PV and green hydrogen testbed in Sarawak
Thai business group keeps 2023 GDP growth outlook at 3.0 to 3.5%
FBM KLCI stays in the red at midday break
Australia steps up warning of more rate hikes even as growth slumps
China's exports tumble in May, imports slow
US tightens crackdown on crypto with lawsuits against Coinbase, Binance
Edelteq jumps 212.5% on trading debut on ACE Market
UEM Sunrise's Kelana Jaya land purchase a positive
Ringgit rebounds to open higher versus US dollar
Global semiconductor equipment billings grow 9% in 1Q

Others Also Read