Story image

Trilogy sees FY profit more than trebling as Aust unit improves, Ecoya makes money

11 Mar 15

Trilogy International, the skincare products and scented candle maker, says annual profit will more than treble with improved earnings at its Australian unit and as its Ecoya candle division makes money for the first time.

The Auckland-based company forecasts net profit to rise to more than $4 million in the 12 months ended March 31 from $1.26 million a year earlier, it said in a statement. Annual revenue is expected to rise more than 18 percent, topping $35 million.

"The financial year to date had been underpinned by improved performance from Trilogy in Australia due to the appointment of new distributor McPherson's Consumer Products together with continuing growth and profitability from the Ecoya brand," chief executive Stephen Sinclair said. "The Ecoya brand reached profitability for the first time in the first six months of this financial year and this profitability has continued to grow during the second six month period, including the Christmas gifting period."

Trilogy had already beaten expectations for first-half earnings when it reported in November, with strong Australian sales of its Ecoya brand candles accounting for about 42 percent of revenue.

The company will report its audited result before the end of May.

The shares last traded at 82 cents, and have gained 14 percent this year.

Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Office workers frustrated by poor information management systems
82% of workers believe poor information management is damaging their productivity in the workplace.
Jobs 'aplenty' for freelance writers, devs & ecommerce specialists?
Jobs tagged with the keyword ‘writing’ took the top spot as the fastest moving job in 2018.
Updated: Chch crypto-exchange Cryptopia suffers breach
Cryptopia has reportedly experienced a security breach that has taken the entire platform offline – and resulted in ‘significant losses’.
Edtech firm Kami raises $1.5m
New Zealand edtech startup Kami has raised $1.5 million to help take the company to North America and beyond. 
How SMBs can use data to drive business outcomes
With the right technology, companies can capture consumer, sales, and expense data, and use it to evaluate and construct future plans.
Startup launches online marketplace for lending items in AU
Think TradeMe, eBay, Amazon, except instead of buying products, you’re renting spare items from everyday consumers.
Adobe revamps Experience Cloud for retailers
Adobe has revamped its Adobe Experience Cloud to offer customer experience management (CXM) capabilities that draw on AI and machine learning technology.