Pure NZ halves losses

The company's result improved 40 percent from a loss last year of $1.093 million. There was no dividend.

The Auckland-based company achieved its result on a slightly lower revenue of $376,000 ($385,000 last year).

After a difficult restructuring phase initiated last year, Pure NZ said it hoped to see the majority of the remaining debt converted into capital, improve the performance of natural supplements company Tasman Extracts and further the development of new technologies within the group.

It wanted to develop and commercialise the waste water treatment technology of Waste International and further the development of the zeolite business of Reeco.

The company also planned to progress the acquisition of two further investments, Tellurian Pty Ltd and Plastics Recyclers Pty Ltd.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.