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UG Healthcare 1H22 net profit plunges 61.3% to $21.2 mil as glove prices fall

Jovi Ho
Jovi Ho2/11/2022 05:54 PM GMT+08  • 3 min read
UG Healthcare 1H22 net profit plunges 61.3% to $21.2 mil as glove prices fall
No dividend has been declared or recommended for 1HFY2022 as the group wishes to conserve cash for expansion and growth.
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Disposable gloves manufacturer UG Healthcare registered 61.3% y-o-y lower earnings of $21.2 million for the 1HFY2022 ended Dec 31, 2021.

Earnings per share for the period stood at 3.45 cents from 9.05 cents from the same period the year before.

Revenue, too, fell 26.4% y-o-y to $117.3 million for the period.

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