Medical Disposables & Supplies Ltd is reporting for the financial year ended March 2019 revenues of more than $2-billion.
This represents an increase or nearly 9-percent when compared to the prior year. General Manager Kurt Boothe says this was mainly attributable to an increase in product offerings, price increases and growth in the medical business segment. Gross profit of almost $550-million for the year grew by $87-million or 19-percent when compared to 2018.
Operating expenses also increased by over 13-percent to nearly $362-million. The Company generated profit before tax of just over $123-million, which was nearly $14-million or 12.5-percent above the previous year.
The company is in its sixth year since being listed on the Junior Market of the Jamaican Stock Exchange and is now subject to 50-percent tax remission. As such, profit after tax grew by a modest $3.2-million or nearly 3-percent to almost $113-million at the end of the current financial year.
The Company distributed dividends of $10.04 per share for the year ended March 31, 2018 to shareholders on record as at August 17, 2018 representing a total pay-out of $27.4-million.