However, after a record-breaking year in 2020, the group says it would be a “challenge” to exceed the year’s figures.
Medtecs International Corporation has reported net profit of US$13.2 million for the 1QFY2021 ended March, 259.9% higher – or 3.6 times – higher than net profit of US$3.7 million in the corresponding period the year before.
In its 1Q business update, the group stated that demand for its personal protective equipment (PPE) remains elevated due to new waves of infection and the rise of new variants around the globe.
