I will keep this article precise and engaging because too much information can be, at times, inconvenient to readers especially for the beginners. I consider myself a beginner too.
Question 1: Who is Prolexus and what they have been doing?
Apparel division is the main revenue driver contributing 95.2% of revenue and 206.2% of profit after tax (“PAT”) for the group in FY2019. The division manufactures sportswear apparels for major global brands.
The advertising segment contributed 4.0% of the total Group revenue and 61.3% of total Group PAT in FY2019. The advertising division is involved in managing, operating, sales and marketing of media airtime for Digital Out-Of-Home TV network with 15 PowerScreens located across Malaysia. All of the digital outdoor screens are placed at strategic locations with high traffic rates.
Textile Division (Newly added in late 2018)
The textile mill located on a piece of freehold land measuring 144,201 square meters in the district of Kluang, Johor. It recently commenced operations in November 2018. The textile mill is part of the Group’s vertical integration strategy of the apparel manufacturing value chain with the expansion into upstream fabric production to complement the existing core business of apparel manufacturing by internal procurement of knitted fabrics as well as for external fabric sales.
Question 2: That’s all sound just fine. Why should I continue reading about this company when I can look at healthcare companies who will benefit the most during this pandemic?
PROLEXUS has launched its revolutionary anti-virus protective mask ProXmask90V that can provide optimal protection against Covid-19. Designed and engineered with its ProX technology, the ProXmask90V is marketed as being able to inactivate 99.9% of SARS-CoV-2 that causes Covid-19, other coronaviruses as well as influenza viruses and bacteria.