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UG Healthcare posts 8.8% rise in 1Q earnings to $0.9 mil on higher revenue

Michelle Zhu
Michelle Zhu11/8/2017 07:12 PM GMT+08  • 2 min read
UG Healthcare posts 8.8% rise in 1Q earnings to $0.9 mil on higher revenue
SINGAPORE (Nov 8): Malaysian glove producer UG Healthcare has announced earnings of $0.9 million for 1Q18, up 8.8% from $0.8 million a year ago on higher revenue.
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SINGAPORE (Nov 8): Malaysian glove producer UG Healthcare has announced earnings of $0.9 million for 1Q18, up 8.8% from $0.8 million a year ago on higher revenue.

Revenue for the 1Q ended Sept rose 16.7% to $18.3 million from$15.7 million previously.

This was mainly due to an increase in the volume of gloves produced and sold, resulting from full commercial production of the new production lines and higher sale through expansion of its distribution networks.

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