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Dehaier Medical Announces 2011 Fourth Quarter and Year End Financial Results
Date:3/19/2012

2/31/2011

 

12/31/2010

% ChangeCash and Cash Equivalents

$

3.7

$

5.9

-37.6%Working Capital

 

27.0

 

22.6

19.5%Total Long-term Debt

 

0

 

0

N/AStockholders' Equity

 

30.2

 

25.8

17.0%The Company believes that its currently available working capital of $27.0 million, including cash of $3.7 million, should be adequate to meet its anticipated cash needs and sustain its current operations for at least 12 months.

Outlook for 2012Mr. Chen concluded, "We continue to see strong market trends on the consumer level in the homecare medical device sector in China and expect government expansion and vigorous promotion of healthcare projects by the newly-released state policies over the next five years.  We remain confident about the long-term growth prospects for the healthcare sector in China and look forward to continuing to expand our unique product lines and distribution abilities throughout the country. We are also supported by a moderate balance sheet, with $27.0 million in working capital and no long-term debt. As a result, we feel that the Company is in an excellent position to expand into new markets."

Conference Call and WebcastDehaier's management team will host a conference call for investors tomorrow morning on Tuesday, March 20, 2012 at 8:30 a.m. ET.

Interested parties may access the call by dialing:

Live Participant Dial In (Toll Free):

877-407-8033Live Participant Dial In (International):

001-201-689-8033For those unable to participate, the call will be available as a live, listen-only webcast on the Company's website at http://www.dehaier.com.cn/IR/index.html or by clicking the following
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SOURCE Dehaier Medical Systems Ltd.
Copyright©2010 PR Newswire.
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