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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news