News and Announcements
YPB Identifies JV Market Opportunities
- Published March 31, 2016 11:30AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st March 2016, ASX Announcement
YPB Group Limited (ASX:YPB), upon entering a Joint Venture (JV) agreement with Affyrmx LLC in February 2016, has conducted a market analysis of the opportunity available with Mexican government departments and its ability to capture further business in this sector.
The JV has already produced two contracts for vital records with state governments in Mexico and a number of further potential revenue streams have been identified.
Total revenues disclosed are those to the JV, with YPB’s portion being 50% of the gross revenue at an average gross margin of 45%-50%.
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