MediLink Global UK Ltd has reported its first set of figures since joining Aim in November 2008.
MediLink generated revenues of £578,000 in the period to December 2008, but it lost £38,000 because of start up costs in China. All but £29,000 of the revenues came from Malaysia. There was £1.16m of cash in the bank at the end of 2008.
MediLink supplies healthcare cards to individuals on behalf of health insurance companies or employers, as well as providing back office services to insurance and commercial companies.
Chairman Norman Lott says that this year’s financial performance “looks to be very promising”.
At 12.5p a share, MediLink is valued at £12.9m. MediLink raised £2.1m before expenses at 18p a share on 18 November 2008.
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