Announces its Year-End Accounts for 2011
London, May 11, 2012 AEST (ABN Newswire) - Healthcare specialist Westhouse Medical Services Plc (
5WM:FRA) today announces it has published its audited financial results for 2011 year-end accounts. Copies of the financial statement and its analysis are available for viewing and downloading in the 'Investor' section of the company's website.
Audited accounts for the six-month trading period from the company's inception in July 2011, to 31st December, reveal turnover of GBP1,679,082 and total asset value of GBP8,818,067.
The company continues to develop BreastCheck - a low-cost, non-invasive breast cancer scanning device - and has made significant strides towards the release of the product. Further announcements on the launch of BreastCheck will be made in the coming months.
Westhouse also sold AST Ambulance Service, part of the company's services division, for GBP2.75m to a management buyout. Westhouse has since begun initial negotiations to acquire another patient transport service.
Jack Kaye, CEO, comments: "We are very pleased with the 2011 financial figures. The losses for the period of GBP1,778,900 were in line with expectations, and the company made significant financial gains from the sale of AST. As well as pushing towards the release of BreastCheck, Westhouse has entered negotiations for a number of medical technology acquisitions, to build on the recent purchase of Sunridge International's revolutionary glaucoma treatment patents."
Westhouse Medical will hold its AGM on 23rd May 2012 to further outline its plans going forward. Shareholders can download proxy voting forms from the company's website.
WESTHOUSE MEDICAL SERVICES PLC
SYMBOL: 5WM
WKN: A1JKH7
ISIN: GB00B6YWDK49
SEDOL: B6YWDK4
Contact
For (UK) press information, contact:
Jo Lee / Sian Edwards/ George Baggaley
Chameleon PR
Email: westhouse@chameleonpr.com
Ph: +44-207-680-5500
For Global press information:
Gabriel Luca/Michael Westhaver
Wedgewood Communications
westhouse@wwprnews.com
Ph: +1-646-592-7559
| ||
|
