Medtecs Group announced on 11 August 2020 its half-year financial results for the period ended 30 June 2020

February 8, 2021
News, Operations

Medtecs Group announced on 11 August 2020 its half-year financial results for the period ended 30 June 2020.

The Group’s revenue increased significantly by 390.5% from US$33.2 million in 1H19 to US$162.6 million in 1H20 from increase in demand of personal protective apparels due to the COVID-19 global pandemic; which also raised awareness on healthcare products and led to increase in sales from our existing customers. The Group’s net profit after tax increased by 9,975.9% from US$386,000 in 1H19 to US$38,893,000 in 1H20 due to higher sales, higher profit margins and foreign exchange gains.

The full report can be downloaded here.

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