April 18, 2014 3:08 AM ET

Healthcare Equipment and Supplies

Company Overview of Medtecs International Corporation Limited (Bermuda)

Company Overview

Medtecs International Corporation Limited (Bermuda), together with its subsidiaries, manufactures and sells medical supplies and equipment, and woven and knitted medical textile products. It operates through Manufacturing, Hospital Services, and Distribution. The Manufacturing segment produces and sub-contracts a range of medical consumables, including patients’ apparels, disposable surgical masks, boot covers and surgical gowns, underpads, adult diapers, crochet blankets, bed linens, and medical bandages. It supplies these products to medical multinational corporation distributors, pharmaceutical companies, hospital groups, and other institutional customers in the United States and Europe. ...

Country Space I Building

9th Floor

Unit B

133, H.V. Dela Costa Street

Makati City,  

Philippines

Founded in 1989

Phone:

63 2 817 9000

Fax:

63 2 830 0813

Key Executives for Medtecs International Corporation Limited (Bermuda)

Medtecs International Corporation Limited (Bermuda) does not have any Key Executives recorded.

Medtecs International Corporation Limited (Bermuda) Key Developments

Medtecs International Corporation Limited Reports Unaudited Group Earnings Results for the Full Year Ended December 31, 2013

Medtecs International Corporation Limited reported unaudited group earnings results for the full year ended December 31, 2013. For the period, the company reported revenues of USD 54,730,000 against USD 52,440,000 a year ago. Profit before tax was USD 898,000 against USD 1,518,000 a year ago. Net profit for the year attributable to shareholders of the company was USD 689,000 or 0.158 cents per fully diluted share against USD 1,242,000 or 0.286 cents per fully diluted share a year ago. Net cash flow generated from operating activities 4,526,000 against USD 3,274,000 a year ago. Purchases of property, plant and equipment were USD 53,000 against USD 867,000 a year ago. The Group net asset value per ordinary share as at the end of the period was 13.0 US cents as on December 31, 2013 compared to 13.0 US cents as on December 31, 2012. The company net asset value per ordinary share as at the end of the period was 4.9 US cents as on December 31, 2013 compared to 5.0 US cents as on December 31, 2012.

Medtecs International Corporation Limited Announces Board Appointments

The Board of Directors of Medtecs International Corporation Limited announced the appointment of Mr. William Yang Weiyuan as an Executive Director; and the appointment of Mr. William Yang Weiyuan as a member of the Nominating Committee with effect from September 2, 2013.

Medtecs International Corporation Limited (Bermuda) Reports Unaudited Group Earnings Results for the Half Year Ended June 30, 2013

Medtecs International Corporation Limited (Bermuda) reported unaudited group earnings results for the half year ended June 30, 2013. For the period, the company's revenues were $32.9 million compared with $23.8 million a year ago. Profit before tax was $0.89 million compared with $0.82 million a year ago. Net profit for the period was $0.81 million compared with $0.77 million a year ago. The net profit improved due to higher revenues. Net profit attributable to equity holders of the company was $0.82 million or 0.189 cents per diluted share compared with $0.74 million or 0.17 cents per diluted share a year ago. Net cash flow generated from operating activities was $1.5 million compared with net cash flow used in operating activities of $0.93 million a year ago. Purchases of property, plant and equipment was $0.13 million compared with $0.05 million a year ago. As on June 30, 2013, the company's net asset value per ordinary share was 13.09 cents.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 3, 2014
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