MARK – Boosting export sales in 2H24

MARK – Boosting export sales in 2H24 Mark Dynamics Indonesia (MARK) boost export sales in 2H24 due to supportive global monetary policy. To date, almost 50% of MARK's glove mold sales are destined for Malaysia. This is in line with the plan to increase import duty rates on medical and surgical gloves from China to 50% in 2025 and 100% in 2026. That way, it is likely that Malaysian glove manufacturers will shift sales to the US. Another positive sentiment also on the ongoing HGBT policy. With a stable gas supply, MARK can operate optimally. Note that, MARK is targeting revenue of IDR800 bn and net profit of IDR250 bn this year. MARK also projects production utilization of 60-65% of the total factory capacity in 2024. (Source : Kontan)