Kandal M Venture Limited Reports Significant Gross Profit Growth of 45% in Financial Results for the Six Months Ended September 30, 2026
Key Highlights
- ➤Revenue $9.556 million, up 20.9% year over year
- ➤Gross profit $2.150 million, up 45.3% year over year
- ➤Gross margin expanded 3.8 percentage points to 22.5%
- ➤Operating income $538,000, up 183.2% year over year
- ➤Output per hour improved over 30% through incentives and advanced machinery
Expert Statements
Duncan Miao, Chairman of the Board of Kandal M Venture Limited
“During fiscal 2026, we navigated an uncertain macroeconomic environment reflecting geopolitical and economic challenges. Yet, we positioned the Company for sustainable success by providing our customers with premium leather goods at affordable prices and investing in our business operations.”
Duncan Miao, Chairman of the Board of Kandal M Venture Limited
“In the first half of fiscal 2027, we followed that progress by executing each of the four strategic priorities we have previously communicated to our stakeholders.”
Duncan Miao, Chairman of the Board of Kandal M Venture Limited
“In total, the first half of fiscal 2027 has shown increased momentum in relation to our customer base, our manufacturing capabilities and our financial performance which we are sharing with you today. Looking forward, we believe that our business model and execution will continue to support further revenue growth and profit expansion.”
TAKHMAO, Cambodia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in China and Southeast Asia, today announced its unaudited financial results for the six months ended September 30, 2026, the first half of its fiscal year ending March 31, 2027. Management Commentary
“During fiscal 2026, we navigated an uncertain macroeconomic environment reflecting geopolitical and economic challenges. Yet, we positioned the Company for sustainable success by providing our customers with premium leather goods at affordable prices and investing in our business operations,” said Mr. Duncan Miao, Chairman of the Board of Kandal. “In the first half of fiscal 2027, we followed that progress by executing each of the four strategic priorities we have previously communicated to our stakeholders.”
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