For FY2020 ended December 2020, Medtecs reported revenue of US$400.3 million ($538.6 million), up 480.4% over FY2019. Thanks to better economies of scale and a higher proportion of higher-margin products, Medtecs’ earnings in the same period shot up by a whopping 11,196.4% to US$131.7 million, versus FY2019’s US$1.16 million.
Most companies’ price charts for 2020 would have shown a big plunge in March and April, as the fear over the pandemic infected the market. But the price chart of Taiwan-based Medtecs International stood out for its dramatically different pattern.
Precisely because of the pandemic, demand for personal protective equipment (PPE), which the company sells, enjoyed a huge surge — with both higher volumes and selling prices lifting Medtecs earnings and share price throughout the year.
