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Just Water International reports loss

Just Water International Ltd has announced a $721,000 net loss after tax in the six months to December 31 from a $1.336 million profit last year.Revenue fell 1.4 percent to $17.9 million. The company is not paying a dividend.The company said that problems

NZPA
Thu, 04 Mar 2010

Just Water International Ltd has announced a $721,000 net loss after tax in the six months to December 31 from a $1.336 million profit last year.

Revenue fell 1.4 percent to $17.9 million. The company is not paying a dividend.

The company said that problems with its ERP computer software system had an enormous impact during the period and were continuing.

"Unfortunately, many companies and individuals will use any excuse to delay paying their bills, and problems with the implementation of the ERP system has added to our increase in receivables."

NZPA
Thu, 04 Mar 2010
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Just Water International reports loss
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