UG Healthcare reports loss of $4.78 million on lower selling prices and higher costs

Glove maker UG Healthcare has reported a loss of $4.78 million for 1HFY2023, a sharp swing from earnings of $21.2 million recorded in the year earlier.

Revenue for the six months ended Dec 31 2022 was $55.9 million, down 52.3% y-o-y from $117.3 million.