Medtecs profit tumbles 87% to US$17.3m on lower demand for PPE, face masks
Add BT as a preferred source
Published Tue, Mar 1, 2022 · 09:50 PM
Singapore
PROTECTIVE gear manufacturer Medtecs International on Tuesday (Mar 1) posted a net profit of US$17.3 million for the full year ended Dec 31, 2021, 87 per cent lower than the US$131.7 million posted in the year-ago period.
This was mainly due to decreased demand and margins for personal protective equipment (PPE) and face masks, the company said in a bourse filing.
TRENDING NOW
Dim sum chain Tim Ho Wan to close first Singapore outlet as part of Plaza Singapura’s redevelopment
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
