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

 

Thirteen is the Lucky Number for CER Group

Media Release
20 October 2006

Thirteen is the Lucky Number for CER Group

* A 342.9% increase in sales revenue for the two years to December 2005 ranks CER Group 13th on Deloitte/Unlimited Fast 50 list

* Momentum has continued into 2006 with over 400% growth in sales revenue for first half of year

CER Group (NZX: CER) has been ranked as New Zealand’s thirteenth fastest growing company, according to the latest Deloitte/Unlimited Fast 50 list released last night.

The Deloitte/Unlimited Fast 50 ranking is based on sales revenue growth and related to CER Group’s performance for the two years to December 2005, when sales revenue grew by 342.9%.

David Warrick, Managing Director, CER Group Limited, is delighted with the recognition.

“Through the acquisition of New Zealand Nature Company in 2005 and the continued commercialisation of the Certified Organics business, the Group has seen a marked increased in sales revenues. The Deloitte/Unlimited Fast 50 ranking illustrates the momentum we have built.

“What is pleasing is that sales revenue has continued to grow in the 2006 financial year. The Group announced a 400% increased in sales revenue for the first half of 2006, compared with the same period in 2005. This was due to the continued solid performance of New Zealand Nature Company and growing acceptance of Certified Organics’ Interceptor product in overseas markets.”

CER Group’s stated results for the first half of 2006 were:

- Overall sales revenue for the first half of 2006 was up 405.2 percent to $2,536,612, compared with $502,079 for the same period in 2005.

- Certified Organics’ sales revenue more than doubled from the same time last year to $1,062,981. This growth was primarily due to the growth of export sales, including the contract with the Government of South Australia.

- New Zealand Nature Company, which was acquired by CER Group in the second half of 2005, continued to perform above expectations with sales revenue of $1,473,631.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>