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

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news