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BlackRock, NZGIF backed SolarZero in liquidation
Hamish McNicol
Tue, 26 Nov 2024
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Blis Technologies reports revenue growth
NZX-listed Blis Technologies reported revenue up 25% to $6 million from $4.7m, for the six months ending September 30.
Business-to-business revenue for the probiotic manufacturer increased 23% to $3.8m, while business-to-consumer revenue increased 29% to $2.2m.
Earnings before interest, taxes, depreciation, and amortisation (ebitda) totaled $300,000, up from a loss of $600,000 year on year.
Net cash inflow from operating activities was $700,000 for the half.
Cash and cash equivalents and short-term deposit balances totalled $8.9m as of September 30.
In September, the company became aware a key customer had filed a patent for the fermentation processes of two probiotic strains.
Today, Blis reported negotiations with the key customer were under way and the market would be updated when they were completed.
Property gains boost Promisia's bottom line
A large property revaluation gain has helped Promisia Healthcare post an increased half-year profit.
The small NZX-listed aged care provider reported a net profit of $5.8m for the six months ended September, which compares with a $152,000 loss a year ago.
The big swing comes as the company benefitted from a large $5.1m gain in the value of a facility in Cromwell it purchased.
One-off gains aside, the company’s underlying earnings rose 56% on the prior year to $1.9m.
Revenue rose to $13m from $11m, while expenses rose to $12.8m from $11.4m due to the additional costs associated with increased occupancy across the group.
The company said the interim result was a “step change” in its strategic growth.
Over the half, the company completed a $4.7m capital raise and share consolidation, acquired two facilities in Cromwell, and divested its village in Dannevirke.
Looking ahead, the company said it expected full-year underlying earnings of $4.2m, up from $3.8m on the prior year.
Former National Party MP Nikki Kaye dies
Former National Party deputy leader and government minister Nikki Kaye has died after a long battle with cancer. She was 44. Kaye was first diagnosed with breast cancer in 2016, taking time off as a minister to get treatment. She then came back to Parliament in early 2017 and resumed her full duties. In May 2020 she was elected National’s deputy leader when Todd Muller became leader but lost her position when Muller stepped down as leader just weeks later. Kaye then announced she was quitting politics, and she did not contest the Auckland Central seat she had held since 2008 at the 2020 election. During her time in government, she had been Minister of ACC, Civil Defence, Education, Food Safety, Youth and Youth Affairs.
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Hamish McNicol and Kate McVicar
Fri, 15 Nov 2024
