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Medtecs International expects to see loss for 1HFY2022; Cambodia glove factory delayed by three months

Jovi Ho
Jovi Ho7/20/2022 06:10 PM GMT+08  • 2 min read
Medtecs International expects to see loss for 1HFY2022; Cambodia glove factory delayed by three months
Medtecs expects to generate a loss for the period and will announce its 1HFY2022 results on or before Aug 15.
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Medtecs International Corporation has issued a profit guidance for its performance in 1HFY2022 ended June.

In a Singapore Exchange (SGX) filing on July 20, the integrated healthcare product and services provider says it expects to generate a loss for the period and will announce its 1HFY2022 results on or before Aug 15.

“This is mainly due to lower orders from our original equipment manufacturing (OEM) clients and reduction of demand and average selling prices of facemasks and personal protective equipment (PPE) globally,” says Medtecs.

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