SINGAPORE (Aug 27): UG Healthcare reported higher revenues in FY19 from a year ago but higher marketing, administrative and distribution costs caused the bottomline to drop by more than 40%.
Nevertheless, the glovemaker expects to hold its bottomline steady in FY20 as it ekes out better efficiency from its production lines and ramps up on sales and marketing efforts.
For the FY19 ended June, UG Healthcare posted revenues of $91.7 million, up 17.5% compared to last year. Earnings, on the other hand, fell 42.2% to $2.5 million.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)