Jadi finishes a “challenging” year
August 8, 2022
The toner manufacturer, Jadi Imaging Holdings Berhad has released its financials for fiscal year 2022.
The Jadi Group is principally involved in the development, formulation, and manufacturing of toners for laser printers, photocopiers, fax machines, and multi-function office equipment.
Founded in 1993, the Group is headquartered in Hicom-Glenmarie Industrial Park, Shah Alam, and has another factory in Klang, Selangor, Malaysia, where its main manufacturing and R&D facilities are located. It also has an overseas sales office and distribution centre located at Zhuhai, China.
Jadi, in its announcement said: “The financial year 2022 has been a challenging year for the Group with the COVID-19 pandemic adversely affecting economies all around the world. Lockdowns initiated by government has created supply shortages and supply chain disruption.
“The Group is now adopting a more prudent approach in managing sales and credit to its customers in order to mitigate credit risk at the expense of lower sales. The Ukraine war, which started in early 2022, will further exacerbate supply shortages leading to inflation and a possibility of global recession.”
For the financial year 2022, there was a decline of 4.51% in the Group’s revenue from RM45.1 million ($10.11 million/ €9.93 million) in the preceding year to RM43.1 million ($9.66 million/ €9.49 million). Jadi said that “this was partly due to the decreased of sales in China, which was impacted by the international logistics jams, the global chip shortages and lockdown in China that slowing down the demand of compatible cartridges.”
The Group has recorded a loss before taxation of RM7.89 million ($1.77 million/ €1.74 million) as compared to the loss before taxation in the preceding year of RM1.7 million ($381,215/ €374,182).
Categories : City News
Tags : Business Financials Jadi Toner Manufacturer
