With the worst of the pandemic over, demand and selling price of these products have fallen.
Medtecs International has reported a loss of US$3.7 million ($5.3 million) for 1HFY2022, versus earnings of US$19.1 million in the year earlier six months. Revenue in the same period was down 63% y-o-y to US$31.6 million.
The company, which makes personal protection equipment used by healthcare workers and other users, enjoyed big spike in the demand of its products.
