BLT |
03/11/2014 16:52 |
HALFYR |
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REL: 1652 HRS BLIS Technologies Limited |
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HALFYR: BLT: BLIS Technologies Half Year Results |
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10 Birch Street |
P O Box 5804, Dunedin |
New Zealand |
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Telephone: 03 474 1338 |
Fax: 03 474 9050 |
Email: info@blis.co.nz |
Website: www.blis.co.nz |
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BLIS Technologies Limited (the Company) reports an operating loss of $808k on |
turnover of $1,143k for the six months to September 30, 2014. Turnover |
increased 59% from the $721k reported in the previous corresponding period |
with operating margins remaining robust across all product lines. |
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The Company is on target to achieve a doubling of revenues for the current |
financial year. Although the operating loss for the six months is similar to |
the corresponding prior period and a further comparable full year loss to |
last year is forecast for the year to 31 March 2015. The company does not now |
expect to move to profitable operation in the immediate future. |
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Key Highlights for the Period Include: |
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- 59% Revenue growth over corresponding prior period |
- Export approved Risk Management Programme ("RMP") Dairy, achieved |
for in-house production facilities |
- Sinopharm test-market launch extended |
- Successful clinical trials and product launches in Italy |
- Market access issue in USA resolved |
- Launch of new products by the Company |
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Key Challenges for the Period |
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- Relocation of laboratory from Centre of Innovation (University of |
Otago) took longer than anticipated |
- Longer lead times for product launches by key customers |
- Increased costs due to production facility set up and gaining |
export approval status |
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The attached Operations Report and Financial Statements provide further |
detail. |
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Barry Richardson |
Chief Executive |
End CA:00257171 For:BLT Type:HALFYR Time:2014-11-03 16:52:23
well well well.... |