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MediLink-Global UK Ltd
- BY: Andrew Hore |
- POSTED: 17/08/2012 |
- COMMENTS: Add yours
MediLink-Global UK Ltd says that it made a £3m loss in 2011.
The full accounts have not been published and that is why the shares remain suspended. The accounts should be published in early September.
MediLink supplies healthcare cards to individuals on behalf of health insurance companies or employers and can also provide outsourced back office work for companies as part of the service.
The loss includes £2m relating to goodwill impairment and a share based payment charge. Investment in expansion in China is also adding to the loss. Revenues are estimated to have edged up from £1.79m in 2010 to £1.85m in 2011, with around £980,000 generated in the second half.
At the suspension price of 3.5p a share, MediLink is valued at £4.23m.
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