BLT
20/11/2015 08:30
HALFYR
PRICE SENSITIVE
REL: 0830 HRS BLIS Technologies Limited
HALFYR: BLT: Blis Technologies Delivers Solid Half Year Result
Announcement
November 20, 2015
Blis Technologies Delivers Solid Half Year Result
Blis Technologies Limited announces a half year result that demonstrates
continued progress.
The company turned over $2.732 million for the half year to September 30,
2015 with a net deficit of $405,000 - after provision of $350,000 for the
potential replacement of product supplied during the period as previously
reported.
Revenue is up 139% over the corresponding period a year ago. The half year
deficit has been halved from the previous year corresponding period even with
the inclusion of the product replacement cost provision.
The company remains on target to achieve an increase of over 100% in revenues
for the current full financial year largely driven by increases in sales to
North America and Europe.
Growth has placed some positive pressure on the company that is being
carefully managed. New quality control, business development and R&D support
has been added to assist with the added demands.
Markets continue to be opened up through regulatory approvals. During this
half year approval for substantial and specific claims was achieved in Canada
for products containing BLIS K12.
Bottom line is we have strategies in place, we are being disciplined around
the way growth is being managed, we will be subject to the usual unexpected
glitches that arise from time to time in manufacturing and exporting and we
are developing a company that has resilience and adaptability to be able to
deal with those events. This half year result demonstrates a work in
progress with a positive outlook.
Peter Fennessy
Chairman
End CA:00273747 For:BLT Type:HALFYR Time:2015-11-20 08:30:04
