Q1, 2013 Earnings are out!! - Dividend increase proposed to 20 cents/ADR from 15 cents
The company is proposing a dividend of 20 cents per ADR, representing an increase of 33% on the dividend paid in 2012. The payment of this dividend is subject to shareholder approval, which will be sought at the company's forthcoming AGM to be held on May 24, 2013. Subject to this approval being granted, the record date will be June 10, 2013 and payment will follow approximately 3 weeks later
The company has just received approval from the Chinese Regulatory authority, the SFDA, to commence selling its haemoglobin A1c test in China.
Trinity will distribute the Premier in China through its long-time distribution partner PGI. As has been indicated previously the company expects to achieve an initial run rate of 100 instruments per year, with further growth potential thereafter. As a first step, the company expects to ship an initial order of 20 instruments to China in Q2, 2013. The formal launch of the test has already commenced with a series of events designed to showcase the Premier to both medical and clinical laboratory professionals.