TORONTO, July 27, 2022 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the "Fund") announced today results for the quarter ended June 30, 2022.

"The upside revenue surprise in May and June reflects significant growth in aesthetics as clinics reopened and pent-up demand ahead of the summer vacation season took hold.  However, the future looks less rosy as we face two headwinds.  Firstly, the purchasing by our competitors in the pump and sprayer market has created an oversupply that will depress our sales by 6% for the next few quarters and secondly, higher interest rates and a recession will undermine our healthcare equipment sales that represent 9% of our total revenues.