Blis Technologies CFO Tim Mepham departs
Last month, Blis said it expects to post a maiden profit in the current financial year.
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Blis Technologies chief financial officer Tim Mepham has stepped down as the probiotics maker edges closer to turning a profit.
The Dunedin-based company said Mepham will leave "in the coming months to pursue other business interests" and it is searching for a full-time replacement. Mepham has been performing the role four days a week, it said.
Last month, Blis said it expects to post a maiden profit in the current financial year. The company, which was set up to commercialise probiotic bacteria for use in consumer products for oral health, colds and flu, reported a net loss of $24,000 in the 12 months ended March 31, narrowing from a loss of $816,000 a year earlier.
Blis had forecast a profit for the 2017 financial year but warned the market in February that pre-tax profit wasn't going to meet the $700,000 forecast due to significant reductions in purchases by three major customers.
The stock last traded at 3.5 cents and has shed 13 percent this year.
(BusinessDesk)
Sophie Boot
Wed, 09 Aug 2017
Wed, 09 Aug 2017
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