14 Aug '12, 2am

Healthway Medical Corp Ltd – Turnaround probably not in the short term

Healthway Medical Corp Ltd – Turnaround probably not in the short term

FYI, 2005 to 2007 results are PRO FORMA results found from the IPO prospectus and hence might differ from the actual figure that you see from the FY 2008 annual report. In fact, the pro forma result in 2007 is the highest level of profit that the group has ever recorded in its operating history. The trouble in Healthway occured in 2010 when a group of specialists decided to leave en mass which created a vacuum and losses of customers. What happened is the start of a drop in profitability which accumulated till 2011 …

Full article: http://thefinance.sg/2012/08/14/healthway-medical-corp-lt...

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