Medtecs International Corporation Limited provided group earnings guidance for the second half of 2022 and for the financial year ended 31 December 2022. For the period, the Group is expected significant net loss was mainly due to additional inventory provisions for personal protective equipment (PPE) amounting to approximately USD 12 million, as a result of the continued easing of the COVID-19 restrictions, leading to reduction of demand and lower average selling price (ASPs) globally.

For the year ended 31 December 2022, the Company expects to suffer losses.