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.
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)
