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Medical Disposables and Supplies reports lower profits

Listed company, Medical Disposables and Supplies is reporting lower profits for its first quarter ending June 30 compared to the same period last year.
 
It recorded $16 million profit.
 
That was $3 million lower than the same period in 2018.
 
Medical Disposables and Supplies noted that its profit declined because it is in its sixth year of being listed on the Junior Market of  the Jamaica Stock Exchange.
 
That means it is now subject to fifty per cent income tax remission as at December 24, 2018.
 
At the same time, Medical Disposables and Supplies says sales in the first quarter reflected a modest growth of three per cent. 
 
The company says this was attributed mainly to price adjustments, given a dip in unit sales across its consumer product lines. 
 


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