Euro-Med Laboratories Philippines Inc. said sales for January to April dropped 10 percent to P1.06 million compared to last year’s P1.17 million.
The company attributed the decline to the developments in the country following the coronavirus disease outbreak.
The company said the drop in sales was due to “low hospital census brought about by Covid-19 patients admitted in hospitals, as well as logistic issue in delivering our products to our customers.”
Euro-Med manufactures pharmaceutical products such as large and small volume parenteral and other solutions. It also produces sterile water for injection and other solutions such as ophthalmic, inhalation, irrigation and dialysis.
The company is also into the dialysis service through unit Hemotek Renal Center Inc. and food and beverage business through CafeFrance Corp.
