Business
Kandal M Venture Limited Issues Guidance Projecting Improved Top and Bottom Line for Full Year Fiscal 2026
Cambodia, April 17, 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 Cambodia, today announced general guidance for the full fiscal year ended March 31, 2026. Management stated that for fiscal 2026 ended March 31, both revenue and net Income are expected to increase versus the previous fiscal year. For that period, ended March 31, 2025, the Company had revenue
About this update from Kandal M Venture Limited
[{"type":"image","alt":"Kandal M Venture Ltd","displaySize":"","headline":null,"caption":"Kandal M Venture Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":70,"url":"https://media.zenfs.com/en/globenewswire.com/b94e4168b2f5dacc3fbeec3b31ae3100"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UMVw4adGBjn5mC9d0Y2yjw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk4/https://media.zenfs.com/en/globenewswire.com/b94e4168b2f5dacc3fbeec3b31ae3100","width":300,"height":70}},"lazy":false},{"type":"text","content":"Cambodia, April 17, 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 Cambodia, today announced general guidance for the full fiscal year ended March 31, 2026.","length":295,"tagName":"p"},{"type":"text","content":"Management stated that for fiscal 2026 ended March 31, both revenue and net Income are expected to increase versus the previous fiscal year. For that period, ended March 31, 2025, the Company had revenue of approximately $17.2 million and net income of about $210,000, or $.01 per share.","length":287,"tagName":"p"},{"type":"text","content":"For the first six months of fiscal 2026 ended September 30, 2025, Kandal generated revenue of approximately $7.9 million and net income of about $169,000, or $.01 per share.","length":173,"tagName":"p"},{"type":"text","content":"The Company added that its financial position is expected to remain strong through fiscal 2027, as Kandal currently has zero debt and adequate cash on its balance sheet.","length":169,"tagName":"p"},{"type":"text","content":"While U.S. tariffs have periodically presented a drag on the Company’s top and bottom-line performance over the past three quarters, Director and Chairman Duncan Miao said Kandal is executing, “a concrete plan to mitigate these effects and return the Company to its former growth and profitability.”","length":299,"tagName":"p"},{"type":"text","content":"The crux of this plan, said Mr. Miao, is diversifying Kandal’s customer base to increase its sales mix to markets with lower tariff impact. These markets include such nations as the U.K., Japan and other nations in Asia, the Middle East and Europe.","length":248,"tagName":"p"},{"type":"text","content":"Negotiations with several luxury brands in th...