UG Healthcare, on Nov 5, reported earnings of $22.7 million for the 1QFY2021 ended September, registering a growth of over 70 times from the $305,000 reported a year ago.

See: ‘Buy’ UG Healthcare on the expectation of 50x higher profits: CGS-CIMB

In its business update, the group says its current upstream manufacturing capacity of 2.9 billion pieces of gloves per annum, which produces both nitrile and natural latex examination gloves, is operating at its “optimum efficiency”.

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