Umedic Q3 financial results improve

PETALING JAYA: UMediC Group Bhd recorded a 48% year-on-year (y-o-y) increase in revenue to RM9.6mil and a 58% y-o-y rise in net profit to RM2.03mil or an earnings per share of 0.54 sen for its third quarter ended April 30, 2023.

In a filing with Bursa Malaysia yesterday, the medical services provider noted the increase in revenue and profit was attributed to higher demand for medical devices and consumables from both public and private hospitals as well as healthcare service providers.