“Notwithstanding the above, such market changes are not expected to have a material adverse impact on the overall financial position of the group, which remains healthy,” the company adds.
Medical consumables supplier Medtecs International Corporation is warning that its 3QFY2021 earnings is “not expected to be as strong” as the first half of the year. It expects to remain profitable though.
“This is mainly due to existing customers completing their stockpiling exercises in 2020, subsequent inventory adjustment attributable to certain customers, and the stabilization of the supply and prices of the PPE market globally,” says the company.
