Company Update & Appendix 4C
Sydney, Oct 31, 2016 AEST (ABN Newswire) - Brand Protection and Customer Engagement solutions company YPB Group Limited (
ASX:YPB) is pleased to provide a summary of activities for the quarter ended 30 September 2016.
YPB PROVIDES REVIEW OF Q3 ACTIVITIES
- Net cash outflow higher in Q3 due to timing issues
- Q4 to show sound improvement to deliver best cashflow quarter for 2016
- On track for key 2017 milestones - breakeven (run-rate) by end Q1 and $5m pre-tax profit
Key achievements for the quarter included:
- Concluding a three year supply agreement with TGA-accredited manufacturer Universal Pharmaceuticals Ltd for Brand Protection and Customer Engagement technologies.
- Partnering with Impact International to offer YPB's full solutions suite to its customers, which includes many of Australia and New Zealand's leading manufacturers of cosmetics, fast moving consumer goods, pharmaceuticals, health products and nutraceuticals.
- Rolling out YPB's Lexcaps re-usable security cap as an anti-theft device across the Dan Murphy's retail chain.
- Secured the first commercial contract in Mexico, as part of the Affyrmx JV, to supply YPB's proprietary tracer solution to PROTECT redeemable food coupons against counterfeits.
- Winning the first entertainment sector contract to PROTECT entry tickets for a major, private Beijing museum, with YPB's tracer solution.
- Signing a three year agreement with Combiphar, a leading Indonesian pharmaceuticals and wellness company, for the supply of Brand Protection and Customer Engagement technologies.
In addition to the new clients noted above, and as reported to the market on 4 October 2016, the period since May has also seen substantial progress in new business development with the total pipeline growing to $128m. Conclusion of advanced projects in the new business pipeline has been slower than originally expected but progress is nevertheless sound and closure with important and prominent clients is still anticipated in the current quarter and Q1 2017.
To view the full report, please visit:
http://abnnewswire.net/lnk/1HD9VI2S
About YPB Group Ltd
DEACTIVATED
| ||
|
