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Kandal M Venture reports 17% revenue drop amid US tariffs, expands manufacturing to Philippines for growth.

Company Fundamentals
23 Mar 2026
GlobeNewsWire
View Source
Neutral
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Kandal M Venture Limited announced a 17% revenue decline to $7.9 million for the first half of fiscal 2026, mainly due to increased US import tariffs. Despite this, the company is expanding its manufacturing operations into the Philippines with a $2.5 million investment to diversify geographically and strengthen its market position. Net income fell 74% to $169,000, reflecting tariff impacts and higher costs, but management remains optimistic about future growth opportunities in the region. The new CEO, appointed in February 2026, is focused on expanding the customer base and enhancing production capabilities.

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