Ecoya beats revenue guidance by 10%
Scented candle and skin-care products maker Ecoya has beaten its forecast annual sales by 10%.
BUSINESSDESK: Ecoya, the scented candle and skin-care products maker, has beaten its forecast annual sales by 10%.
Annual revenue was about $22 million, beating the $20 million forecast affirmed in its first-half report, says a statement from the Auckland-based company.
Ecoya made no mention of annual profit, after breaking even on a pre-tax earnings basis in the first half, when it indicated it should be in the black by the end of the financial year.
Its financial statements are being audited and it expects to publish the final result at the end of next month.
Last week, the company completed its acquisition of the Trilogy skin-care business, making a final payment of $9.2 million in cash and scrip after meeting earn-out targets.
The stock was unchanged at 95 cents today, and is up 1.1% this year.
BusinessDesk
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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Ecoya beats revenue guidance by 10%
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