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UG Healthcare Corporation reports earnings of $34.3 mil in 3Q21; marks four straight quarters of earnings growth

Felicia Tan
Felicia Tan • 3 min read
UG Healthcare Corporation reports earnings of $34.3 mil in 3Q21; marks four straight quarters of earnings growth
The group says it will announce a further expansion in its capacity when plans are finalised.
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UG Healthcare Corporation has reported earnings of $34.3 million in the 1QFY2021 ended March, 56.7 times higher than earnings of $606,000 in the year before.

The higher earnings marks the fourth consecutive quarter of earnings growth from the 4QFY2020 ended June, says the group.

Revenue surged 2.4 times to $93.5 million from $38.6 million, surpassing the $91.8 million recorded for the 9MFY2020, mainly due to the higher volume of gloves produced and sold.

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