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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Tech & Innovation
2 mins to read

Xero inches deeper into the red

Cash outflow is expected to reduce this year.

Calida Stuart-Menteath
Thu, 08 Nov 2018

Xero has inched deeper into the red in its latest half-year despite revenue increasing.

The Wellington-headquartered tech company posted a loss of $29 million for the six months to the end of September, widened 46% from its $19.6m loss in the same period last year.

Earnings before interest,

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Calida Stuart-Menteath
Thu, 08 Nov 2018
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