The lower figures were due to the declining average selling prices (ASPs) of gloves. The fall in ASPs were due to the increased market supply of disposable examination gloves and higher competition among disposable gloves manufacturers.
Analysts are positive on UG Healthcare Corp following its latest 3QFY2022 ended March results.
However, the group experienced a 68.9% y-o-y drop in earnings to $10.7 million and a 31.2% y-o-y decline in revenue to $64.3 million.
