UG Healthcare 1H22 net profit plunges 61.3% to $21.2 mil as glove prices fall

Disposable gloves manufacturer UG Healthcare registered 61.3% y-o-y lower earnings of $21.2 million for the 1HFY2022 ended Dec 31, 2021.

Earnings per share for the period stood at 3.45 cents from 9.05 cents from the same period the year before.