United-Guardian Q2 net income down 53% to $0.14/share; H1 sales up 6%

UNITED GUARDIAN INC

H1 2022 sales $7.52M (+6% YoY); net income $1.54M ($0.34/share) vs $2.53M ($0.55/share) in H1 2021.
Q2 net income fell to $633K ($0.14/share) from $1.34M ($0.29/share); sales down slightly to $3.63M.
Profit hit by higher raw material and shipping costs and decline in marketable securities value.
Pharmaceutical product sales up 8% QoQ; non-pharmaceutical medical product sales surged 55% on China order.
Company implemented price increases in April to partially offset rising costs; optimistic on securities recovery.

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