Magle Chemoswed Holding today reported financial results for the first quarter ended March 31, 2022, with solid profit growth year on year.
Q3 2021 KEY INDICATORS
RECENT BUSINESS ACCOMPLISHMENTS
“We continue to execute on our strategy to be a leader in high-quality, life-changing healthcare innovations to meet medical needs through scientific excellence and establish a risk-to-growth balance acceptable to the business. I see strong momentum in our business areas with great promise for the future. In the quarter, we saw sales equal to the previous year same quarter. The gross margin at 91% (88%) indicates underlying stability while absorbing cost increases in the supply chain. Our EBITDA margin was 21% (12%), a very pleasing result for the start of the year”, said Justin Pierce, CEO of Magle Chemoswed Holding.