25 February 2021
Revenues of NZ$14.4m in H1FY21, up 741% on prior corresponding half-year
Global expansion continues with major deals worldwide
Half-Year Financial Highlights:
- Total revenue of NZ$14.4m, up NZ$12.7m on the prior corresponding half-year
- Net profit before tax of NZ$2.7m, up NZ$3.4m on the prior corresponding half-year
- Operational cash flow of NZ$3.6m despite tax payments totalling NZ$2.5m Cash at bank of NZ$7.3m despite paying dividend/tax payments totalling NZ$7.5m
- Cash receipts exceeded $20m in the first half
- $7m in invoiced sales in December
Half-Year Operational Highlights:
- COVID-19 pandemic impact of circa NZ$6 to NZ$7m on H1 FY21 sales revenues.
- Global expansion continues with progress in all regions (EU, Americas, Asia-Pacific).
- Zoono assumes ownership and control of US licensee.
