Ecoya Audited Year End Result – 31 March 2012

Ecoya Audited Year End Result – 31 March 2012

Ecoya Limited (NZX:ECO) the company that operates the Trilogy Skincare and Ecoya Fragrance Brands today announces its audited full year result to 31 March 2012.

Revenue for year ending 31 March 2012 was $22.6 Million, up 58% from the $14.3 million for the prior year to 31 March 2011. (The 31 March 2011 result included 7 months of Trilogy Revenue.)

This audited figure is in line with the recent market announcement given on the 4th of April 2012 which provided an annual revenue estimate at about $22 million.

Earnings after Interest Costs but before Tax and non-recurring IFRS adjustments relating to the Trilogy Earnout was $204k for the year ended 31 March 2012. This is compared to a $3.6 million loss for the year ending 31 March 2011.

To be deducted from the above are non-recurring IFRS adjustments of $312k and Tax expense of $110k to provide a Net Loss for the year of $218k.

Executive Chairman Geoff Ross says; 'We are pleased with this result, which is ahead of the revenue estimates originally given to the market in respect to the 2012 financial year. Our plan is to continue investing in our brands, expanding our retail and distribution footprint and driving strong sales growth, whilst remaining close to neutral from a profitability perspective.’

Ecoya recently also announced new distribution agreements in Asia. And the launch of its Auckland International Airport Store which represents both our Ecoya and Trilogy brands.

ENDS

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