Newtree Group Holdings Limited, formerly Newtree Clinical Consumables Holdings Limited, is a holding company. It is principally engaged in the manufacture and trading of hygienic disposables for household and clinical uses. The Company鈥檚 products consist of clinical waste bags, general waste bags, disposable film bags and aprons. Its products are made with oxo-biodegradable materials. Its clinical waste bag is designed either for incineration or landfill or alternative treatment. The Company鈥檚 production facility is based in Huizhou of Guangdong Province, the People鈥檚 Republic of China, with a designed annual production capacity of 38,600 tons of hygienic disposables. It operates in the United States through trading of general waste bags for clinical sector with a United States customer, Spectrum Bags, Inc. On 24 December 2010, it acquired Greenstar from Able Bright.

products:
Our products are sold for clinical, health-care and household sectors
Our products consist mainly of clinical waste bags, clinical aprons, disposable film bags and household waste bags

Growth Strategies: We intend to further expand our market share in other European countries
We intend to expand our market share in US countries
We intend to tap into the China medical consumables market through importing medical devices from overseas suppliers and construction of a new plant to for the manufacture and sale of medical devices in the PRC

Financials: For the three years ended 31 March 2010 and the three months ended 30 June 2010, revenue of the Group amounted to HK$282.1 million, HK$311.6 million, HK$427.1 million and HK$113.7 million, while our net profit was approximately HK$43.1 million, HK$43.5 million, HK$78.9 million and HK$16.1 million, respectively
The Group had no bank borrowings for the three years ended 31 March 2010 and the three months ended 30 June 2010