Economy of scale drives up earnings at Medi-Flex

Medi-Flex today announced its second quarter net profit jumped by 271 per cent to RM3.9 million.

Revenue for the three months ended Feb 28 rose by 6 per cent to RM43.5 million.

The increase was driven by higher nitrile glove sales and economy of scale by optimising its production line capacity.

Earnings per share climbed to 0.42 sen from 0.11 sen previously while net asset value per share improved to 10.36 sen compared to 9.67 sen as of Aug 31 last year.