On November 13, the Guardian Alliance (stock code: ug) announced its financial report, which showed that the company's net profit attributable to the common shareholders of the parent company in the third quarter of fiscal 2020 (cumulative) was $2.6944 million, down 20.08% year-on-year; operating income was $8.6139 million, down 11.9% year-on-year.
United-guardian, inc. is a Delaware company founded in New York in 1942. The company manufactures and sells cosmetic raw materials, personal and health care products, medical lubricants, pharmaceuticals and specialty industrial products. It also conducts research and development, mainly involving the development of new and unique cosmetic and personal care products. The company focuses on developing products that meet unmet market needs, have unique properties, and use proprietary technologies that are sometimes protected through patents. Many of the company's products are sold through cooperation agreements with large companies. The company's personal care products, including cosmetic ingredients, are sold to end users through the company's global marketing partners and distributors and are currently used by many major cosmetic and personal care product manufacturers. The company sells the company's factory in Hauppauge, New York, directly to its marketing partner ex works (exw). These marketing partners, in turn, resell these products to their customers, who are usually manufacturers and marketers of cosmetics and personal care products, and then use their products in the finished product. Products are not sold on a consignment basis and are not returned unless the Company so decides.
(Source: Flush (300033) ifind)
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