Mercator Medical posts net loss of PLN 2.33 mln in 2019

WSE-listed disposable medical gloves producer Mercator Medical recorded PLN 2.33 million of consolidated net loss attributable to shareholders of the parent company in 2019 against PLN 7.64 million of profit a year earlier, the company said in a report.

“Updating the value of a tax asset in Thailand (non-cash event) and bearing the financial costs of the debt used to build the synthetic latex glove factory did not allow for net profit,” the release reads.