According to the group, the lower earnings was due to the impact on its medical devices segment, which was affected by the early Lunar New Year festival, which took place during the 1HFY2023.
Vicplas International (SGX:569
) has reported earnings of $2.5 million for the 1HFY2023 ended Jan 31, 67.9% down y-o-y.
The lower earnings comes despite the 5% y-o-y growth in 1HFY2023 revenue of $66.4 million, which was offset by the lower other income and higher expenses for raw materials and consumables, purchase of finished goods for resale and employee benefits.
