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DJ Early Equity Plc Yicom Global Sdn. Bhd. Dividend Payment

 
TIDMEEQP 
 
21 September 2018 
 
                               Early Equity PLC 
 
                       ("Early Equity" or "the Company") 
 
                            Yicom Global Sdn. Bhd. 
 
Early Equity Plc (NEX: EEQP), a proactive investment company focused on 
early-staged companies which generate recurring income streams, is pleased to 
announce that Yicom Global Sdn. Bhd. ("Yicom"), of which the Company has a 47% 
stake has released its audited accounts for period ending 31 January 2018. 
 
Yicom is the sole importer and patent holder of a series of healthcare products 
from various countries and in particular China.  Yicom has a Sole 
Distributorship Agreement with Early Infinity Holdings Sdn. Bhd. a direct sales 
company holding licences to operate a multi-level marketing business in 
Malaysia. 
 
The highlights of the results are as follows: 
 
                        31 January 2018                       31 January 
2017                       Increase 
 
Turnover          RM 19,070,800 (GBP3,473,734)     RM 3,749,407 (GBP682,952) 
          + 508.6% 
 
Net Profit          RM 4,798,384 (GBP874,022)          RM 904,645 (GBP164,780) 
             + 530.4% 
 
Balance Sheet   RM 5,933,008 (GBP1,080,694)        RM 1,974,891 (GBP359,725) 
          + 300.4% 
 
The Directors of Yicom have declared that RM378,000 of the profits are to be 
distributed to the shareholders as a dividend Early Equity receives the 
following dividend: 
 
Dividend           RM 177,660 (GBP32,361)               RM 136,619 (GBP24,885) 
               + 30.0% * 
 
* The directors of Yicom retained a higher percentage of the profit on this 
year's accounts to facilitate the purchase of a new headquarter building and 
reinvestment into the business. 
 
Exchange rate is based on RM 5.49 : GBP1. 
 
Early Equity Chief Executive Edwin Chua Siew Lian said "We are delighted to 
report the remarkable achievement of Yicom posting a major increase in its 
turnover and profit for the year, enabling it to pay a dividend again this 
year.  Yicom has paid dividends since it began trading in February 2015.  We 
are continuing our work with Yicom to develop its sales and product range." 
 
The directors of Early Equity Plc accept responsibility for this announcement. 
 
For further information please contact: 
 
Greg Collier 
 
Tel: +44 7830 182501 
 
NEX CORPORATE ADVISER: 
 
Alexander David Securities Limited 
 
David Scott -Corporate Finance 
 
James Dewhurst - Institutional Sales 
 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

September 21, 2018 05:29 ET (09:29 GMT)