Revenue from Medtecs’ original product manufacturing (OPM) segment fell due to lower sales of PPE and face masks, while revenue for its hospital services division grew slightly on higher service cost on linen consumption in Taiwan.
Medtecs International has reported earnings of US$17.3 million ($23.5 million) for the FY2021 ended December, down 87% from earnings of US$131.7 million in the previous year.
Revenue for the year fell 64% y-o-y to US$144.2 million due to lower global demand and lower global market prices for personal protective equipment (PPE) and face masks.
