Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Vending Technologies On Track To Meet FY Target

Vending Technologies On Track To Meet Full Year Target

AUCKLAND, 6 November 2001 – Smart vending company, Vending Technologies Ltd (NZSE:VTL), today announced a net operating surplus of $1.8 million for the six months to 30 September, 45 percent ahead of the same period last year.

The result was achieved on total operating revenues of $8.5 million, down 9 percent on the corresponding period last year.

Chairman Richard Janes said that, given recent market conditions, the result was satisfactory and the Company is on track to meet its full year forecast surplus of $4.9 million when seasonal and other factors are taken into consideration.

Condensed statement of financial performance


Six months ended 30 September 2001


2001 2000
Operating Revenues $8.5 $8.9
Operating Surplus Before Tax $1.8 $1.9
Operating Surplus After Tax $1.8 $1.2
EPS* 6.1¢* 26.3¢*

* Based on weighted average of shares on issue of 29.5 million at 30 September 2001 and 4.75 million at 30 September 2000.

“A large proportion of the costs associated with the establishment and rollout of the VendSmart licensing programme into New Zealand and Australia were incurred in the first half year and, significantly, VendSmart has recently confirmed its potential to both reduce company costs and to enhance revenue.” Dr. Janes added, “Fast Moving Consumer Goods signage revenue will strengthen in the second half year.”

“The Board has monitored conditions closely since September 11 and has balanced our growth plans against the risks and uncertainties,” he said. “We retain a strong interest in expanding our presence in the Australian market but in the near term will target the organic growth available to us there and the revenue enhancement the VendSmart programme provides.”


About Vending Technologies Limited
Vending Technologies Limited supplies and operates electronically enhanced food and beverage vending machines throughout Australasia. Established in 1997, the company manufactures, sells, maintains and services vending machines and licenses branded electronic vending businesses under its VendSmart programme.

The company has developed a proprietary computerised management system to enable tracking of all transactions, with complete revenue accountability and the ability to monitor the performance of each machine from remote locations.

Vending Technologies’ independence means it has a network of long-term alliances with leading suppliers of major branded convenience food and beverages offering consumers an extensive choice of leading brand snacks, meal replacements and drinks.

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>