Monday, August 13, 2012

Q&M

Q&M: 2Q rev at $13.5m +20.5% yoy +3.9% qoq with net profit at $1.1m -16.9% yoy +5.0% qoq. Revenue increase was attributed to new dental outlets in Sg and inclusion of dental equipment distribution business. Dividend of 0.3c declared. Plans continue to include expanding in Sg (current 47 to 60 outlets by 2015), Msia (from 3 to 15 outlets by 2015) and China. Co has also signed a non-binding MOU with priv equity Kunwu Jiuding Capital (KJC) on Friday. KJC will invest a total of Rmb192m to Rmb240m for a 20% equity stake in Shanghai Q&M Invt Mgmt and Consulting. This is expected to support Q&M’s goal to set up 50 dental clinics and 20 dental labs in China by 2015.

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