BLT
04/11/2014 09:10
HALFYR
REL: 0910 HRS BLIS Technologies Limited
HALFYR: BLT: BLIS Technologies Half Year Results
10 Birch Street
P O Box 5804, Dunedin
New Zealand
Telephone: 03 474 1338
Fax: 03 474 9050
Email: [email protected]
Website: www.blis.co.nz
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.
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.
Key Highlights for the Period Include:
- 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
Key Challenges for the Period
- 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
The attached Operations Report and Financial Statements provide further
detail.
Barry Richardson
Chief Executive
End CA:00257202 For:BLT Type:HALFYR Time:2014-11-04 09:10:09
