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

 


ECOYA Interim Report for the 6 months ending 30 Sept 2012

29 November 2012

ECOYA Interim Report for the 6 months ending 30 September 2012


Ecoya Limited (NZX:ECO) has today released its Interim Financial Statements for the six months ending 30 September 2012. This is on track with guidance as outlined at this year’s AGM.

Revenue for the half year was $12.1m, an increase of 16% on the same period last year, whilst at an EBITDA level the result for the six months was a loss of $184k.

For the full year the Board is forecasting revenue in excess of $26m, up from $22.6m on the previous financial year with EBITDA expected to be greater than breakeven.

Chairman Geoff Ross added “This is consistent with our strategy to invest for growth. We have front loaded investment and have built very strong platform for growth in the second six months of the year and throughout 2013”

Ecoya also advised that the Interim Report for 6 months ending 30 September 2012 will be available prior to Christmas on the company’s website www.ecoya.com for download.

Reconciliation of EBITDA to the Group loss after tax;

Six Months to 30/9/2012
$’000
Revenue12,163
EBITDA(184)
Interest(348)
Depreciation(250)
Tax(15)
Net Profit after Tax(797)

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:


Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news