Corporate digest

Medtecs International

MEDICAL products supplier Medtecs International's third-quarter financial performance is not expected to be as strong as that for the first 6 months of the year, but the group will remain profitable, the Catalist-listed company said on Wednesday (Nov 17).

This is due mainly to existing customers completing their stockpiling exercises last year and subsequent inventory adjustment attributable to certain customers, while the supply and prices of personal protective equipment stabilised globally, Medtecs said. Even so, such market changes are not expected to have a material adverse impact on the overall financial position of the group, which remains healthy, it added.