Medical Disposables and Supplies Limited, a healthcare and consumer products distributor based in Kingston, Jamaica, has reported over JMD$2 billion in revenue for the financial period ending March 31, 2018. This is the first for the company which is listed on the Junior Market of the Jamaica Stock Exchange. Medical Disposables began its operations in 1999 on a small scale and today, are able to celebrate record revenue numbers.
The company has inventory ranging from pharmaceuticals, vaccines, injectables, to beauty items. Its brands are displayed and sold in health and personal care stores islandwide.
Medical Disposables and Supplies reported an increase in revenue of 19.3 percent, up from JMD$1.71 billion in 2017 to JMD$2.05 billion in 2018. The company attributes this exceptional performance to the increase in product offerings, price increases and growth in new consumer business segment.
Gross profit, although still impressive, was affected by JMD$8.8 million worth of expired products which were written off during the financial year. Therefore, gross profit only increased by 12.4 percent to JMD$461.5 million in 2018 compared to JMD$410.7 million in 2017.
Total assets grew by 21.4 percent from JMD$1.214 billion in 2017 to JMD$1.474 billion in 2018.
The company reported that its liquidity position is still healthy and because of this it will continue to capitalize on reinvestments in order to continue developing.
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