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


Jade’s Half-Year Result Up

Jade Software News Release

18 August 2009

Jade’s Half-Year Result Up, Focussing On 2010 Global Recovery

Jade Software today announced its interim result for the first half of 2009. Operating revenue grew 3.2 percent to $23.9 million and net profit before tax increased 29.8 percent, when compared with the same period in 2008.

Jade’s Chief Executive, Craig Richardson, said, “Despite a good performance this half year, Jade is not immune to the adverse global conditions and we expect that the result for the full year will be down on 2008. That said, the company is well positioned to weather the economic downturn and to take advantage of the recovery in 2010.”

Jade’s Chief Financial Officer, David Lindsay, said profit growth for this first half year was attributed largely to operational improvements and careful management of costs.

“In 2008, 20 percent of Jade’s revenue came from logistics and 25 percent from the financial services sector. With our European logistics customers reporting up to a 60 percent reduction in cargo movements and the unprecedented conditions in banking, finance and insurance, we are expecting this to be reflected in our year end result,” Mr Lindsay said.

Against the economic trend, Jade Software announced in June that Messina Line had selected Jade Master Terminal (JMT) to manage cargo movements at its terminal in Genoa, Italy. Terminal operators now recognise JMT as a genuine challenger to established products.
Mr Richardson indicated the company was pursuing strong leads in Europe and the Middle East as well as the Americas, and was actively testing a number of opportunities to bring innovation to the category.

In June and July, several leading independent research firms recognised Jade, and subsidiary Methodware, in their latest publications regarding governance, risk and compliance (GRC) technologies. Research firms are predicting growth of up to 15 percent in GRC technologies as markets recover. Methodware is well positioned to capitalise on this growth with plans to expand its US and UK product portfolio in late 2009.

The company is already realising benefits from its recently established Innovation Centre.

“Customers who have experienced our human-centred design process are excited by the ideas we generate and the fresh approach Jade brings to solving their hardest problems.

“Looking ahead, we are now focussed on accelerating Jade’s market execution capability and enhancing the company’s position as a leading global product innovator,” Mr Richardson said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>


Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>


Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>


Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>


Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>


Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>