The lower quarterly bottomline comes despite a 22.3% rise in 3Q revenue to $23.7 million from $19.4 million a year ago, mainly due to a higher volume of gloves produced and sold from the commencement of new production lines and an expanded distribution network.
SINGAPORE (May 13): Glove manufacturer UG Healthcare Corporation reported earnings of $0.7 million for the 3Q ended March, down 41.3% from $1.1 million a year ago due to higher operating expenses.
This brings the group’s earnings for 9M19 to $2 million, representing a 34.5% decline from $3 million in 9M18.
