Annual Report as at 31 December 2015
Sydney, Mar 31, 2016 AEST (ABN Newswire) - YPB Group Ltd (
ASX:YPB) now generates revenues from the two largest economies in the world, the USA and China, with the latter generating significant traction.
Key commercial highlights for 2015 to date include:
- Signed Hicap and Shensaier supply contracts, which are budgeted to deliver a total of A$26m over the next 4-5 years
- Awarded contract to supply Chinese Government access passes and temporary entry permits for Palace Museum
- Signed first contract to protect Chinese Government 'fapiaos' (tax invoices). YPB has delivered more than 14 million tax invoices to date, with future potential to deliver approximately A$40m in revenues
- Signed contract to protect consumer foods packaging in China, having so far delivered 270 million anti-counterfeit food labels, with potential to grow to 600 million in 2016
- Signed agreement with China Feather and Down Industrial Association (CFDIA) - 1.2 million labels delivered in 2015
- Delivered more than 300,000 bank deposit certificates for one of the largest regional banks in China
- Security passes for the People's Procuratorate of Beijing Municipality
- Three-year supply contract with a major US footwear brand to incorporate anti-counterfeit technology into more than 70% of its annual production of 48 million pairs of shoes
For the 12 months ended 31 December 2015 we recorded net income of $1.7 million and Net EBITDA of $(5.6) million, with a cash balance of $2.9 million.
The Chinese Government is aware that the United Nations has identified China as accounting for more than 70% of global counterfeit trade. As a result there is an increasing focus on counterfeit trade, with National and Local government agencies and industry alike moving to protect the consumers from exposure to counterfeit products.
To view the full Annual Report, please visit:
http://abnnewswire.net/lnk/VQ1R2Z05
About YPB Group Ltd
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