Eu Yan Sang International Ltd Forms Joint Venture with Sichuan Neautus Traditional Chinese Medicine Co Ltd According to BAC Report
22 May 2013 • by Natalie Aster
LONDON – Earlier in May Eu Yan Sang International (EYS) announced a joint venture with Chengdu-based Sichuan Neautus Traditional Chinese Medicine. The new enterprise has been named EYS NEAUTUS (Sichuan) Company Limited and is based in Hi-Tech Zone of Chengdu (China). It will engage in processing of traditional Chinese medical herb decoctions. It will also manage a sales office in Hong Kong which will engage in domestic and overseas sales. This JV project requires SGD 8 M investment, and first preparations have already started.
EYS started this year with strong results, delivering revenue of SGD 101.2 M, gross profit of SGD 48.9 M, operating income of SGD 11 M, net income of SGD 8.4 M during the quarter ended March 31. These results coupled with previous periods provide solid reason to foresee a successful year for EYS. Previous FY ended June 2012 brought sharp margins decline. Revenue and gross profit added 8.9% and 9.6% against FY 2011 and reached SGD 289.9 M and SGD 147.9 M. But both operating and net income decrease by 50.3% and 35.2% to SGD 15.4 M and SGD 16.4 M.
Founded in 1879 and headquartered in Singapore, Eu Yan Sang engages in processing and sales of traditional Chinese medical herbs and formulations. Company’s product range includes pills, infusions, teas, jellies, honey, powders, and so on. Company’s outlets are spread across Malaysia, Hong Kong, Singapore, China and Macau. EYS also operates 25 clinics and 2 medical centers which practice traditional Chinese medicine. In 1973 the company listed on Singapore SE under the ticker EYSAN.
Get all information on the company’s businesses, products, clinics, business possibilities, news and experts’ forecasts from the report “Eu Yan Sang International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Eu Yan Sang International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2013
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