This puts the group’s earnings per share at a greater loss of 0.983 US cents, a higher figure from the 0.678 US cents a year before.
Medtecs International has reported yet another year of losses for its 1HFY2023 ended in June, amounting to US$5.8 million ($7.86 million), a 47.9% decrease from the US$3.9 million loss in the same period a year before.
The group has said that this is due to lower sales from the global decline in demand for personal protective equipment (PPE), facemasks and other products from stockpiling projects, which has affected its profits across all segments of its business.
