RSS Feed     Twitter     Facebook

Posts Tagged ‘medtecs international’

Medtecs International Corp – Corporate moves

Chia Wei Ho has been appointed COO wef Mar 1
Work experience: GM, Chamberlain Computime Investment (HK) Ltd; COO/CFO, Tri-M Technologies (S) Ltd; independent director/ED, Medtecs International Corporation Ltd

Medtecs International posts 109% rise in full-year net profit to $2.9m

Medtecs International, the integrated healthcare services provider and OPM (original product manufacturer), says it posted a 109% rise in net profit to US$2.1 million ($2.9 million) for the financial year ended Dec 31 2009 despite a 30% decline in group revenue to US$56.7 million as the twin effects of focus on higher-margined product sales and cost optimisation kicked in.

Revenue for the OPM division fell 38.2% to US$42.7 million due to lower demand for linens, hospital and hospitality apparels from the US. This was partly mitigated by increases in sales of protective garments and other H1N1-related products.

Read more…