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Kim Forest Enterprise Co (金萬林) on Thursday reported net profit of NT$86.4 million (US$2.88 million) for the first six months of this year, up 148 percent from a year earlier, as higher demand for its COVID-19 test kits and cancer testing services boosted revenue 74.05 percent to a record NT$429 million. Earnings per share were NT$2.14, a record for the first half of a year, compared with NT$0.86 a year earlier, the molecular testing company said. Kim Forest attributed the growth to higher demand for polymerase chain reaction (PCR) testing and other COVID-19-related products amid a surge ...

Kim Forest Enterprise Co (金萬林), which focuses on molecular testing, yesterday said it has applied to receive marketing approval for its non-invasive polymerase chain reaction (PCR) test products, hoping to meet rising demand for COVID-19 test kits as cases in Taiwan rise. The company’s reagents that obtained regulatory approval in June 2020 test material from a person’s nasal cavity and pharynx, while its latest reagents test saliva, allowing pain-free sample collection, Kim Forest Enterprise said in a statement. “We hope that this new product, if approved, can ease the pain and th...

Kim Forest Enterprise Co (金萬林), which focuses on molecular testing, reported that its revenue for the previous quarter grew 2.37 times from a year earlier to NT$212.29 million (US$7.57 million) on the back of strong demand for COVID-19 testing. That buoyed cumulative revenue for the first three quarters of this year to NT$458 million, up 121 percent from a year earlier, the company said in a statement last week. Local COVID-19 infections have slowed since July. However, demand for testing kits remains strong at hospitals and testing centers, the company said, adding that people working a...

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