A very good result out considering high NZ dollar and ChCh earthquakes.Very positive outlook.
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A very good result out considering high NZ dollar and ChCh earthquakes.Very positive outlook.
The web site www.waitakibio.com gives a very good understanding of what the company is about.NZ leading manufacturer of natural nutritional supplement ingredients.
From the annual report ;
Alongside the ongoing investment in plant and equipment the company has been accelerating its investment in research and development projects.Clinical trials commenced in 2011 around the bone health product range are set to be completed and released in the second half of 2012.Interim results to date have been very positive and we are confident that this significant body of work will be of great value to the company's future growth."
Great stuff.
Thanks for that link Percy, an interesting company.
You might like to read today's news: http://www.stuff.co.nz/business/rebu...t-foot-forward
However, it still faced a raft of quake issues, including a quake damage excess
of $500,000
not an actual cost of course
Since the earthquakes PharmaZen was spending hundreds of thousands of dollars on
backup systems,
this is tho (a cost)
One interesting back up system is the installation of a standby co-generation capacity which will enable the plant to run without grid supply.The unit is being designed and built to run off biodiesel that the company will be producing onsite from waste fat streams and will be operated during control period demands where penal rates of up to $187/KWH apply.
This investment is significant at $250K installed and while the primary purpose was risk mitigation,the project has been engineered in such a manner as to achieve a pay back in less than three years.
The earthquake excess may be a concern to investors,but as a ChCh resident it is a frightening prospect,because if they ever have to claim it, I would think that it would be the end of ChCh.
Doing business in ChCh is now more expensive,buildings have to have better foundations,and more businesses nead back up systems.I suppose insurance is a lot more expensive for everyone in NZ,not just ChCh.
What is pleasing is so many businesses want to stay in ChCh.
PAZ staff did a fantastic job overcoming work and home issues to keep the business up and running.I think they were out of business for only 7 or 10 days,and no customer orders were lost.
Drove past PAZ yesterday.Foundations finished,floor laid and already some steel work up.So progress is being made on the new factory.
PharmaZen builds for the future on back of record surplus
https://www.unlisted.co.nz/Members/u...cement_id=2189
A very good result to 31/12/12.
Strong cash flow is being used to fund building expansion.
Research Projects; "collectively these projects look set to provide significant growth."
The annual report is refreshingly simple.Very sound small company with a strong balance sheet,achieving positive growth without calling on shareholders for more funds.The next couple of years should be fun.