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UG Healthcare posts 75% surge in 2Q earnings to $1 mil on ramp-up of new production lines and selling prices

PC Lee
PC Lee2/12/2018 06:55 PM GMT+08  • 2 min read
UG Healthcare posts 75% surge in 2Q earnings to $1 mil on ramp-up of new production lines and selling prices
SINGAPORE (Feb 12): UG Healthcare, the manufacturer of the Unigloves brand of disposable gloves, announced a 74.9% surge in 2Q earnings of $1.0 million.
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SINGAPORE (Feb 12): UG Healthcare, the manufacturer of the Unigloves brand of disposable gloves, announced a 74.9% surge in 2Q earnings of $1.0 million.

This came on the back of a 19.5% growth in revenue to $18.3 million for the 2Q18 ended Dec 31, 2017.

The group says while higher volumes of gloves were produced and sold as a result of the ramp-up in the new production lines that came on stream at the end of June 2017, the higher average selling prices of its proprietary brand of products also contributed to the increase in revenue.

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