Pulse Utilities New Zealand Ltd has reported a $7.05 million loss for the year to March 31, after $4.14m of write-offs, depreciation and other charges.The loss compared to a loss of $5.3m last year. Total revenue rose to $1.96m from $258,520 last year.A b
Pulse Utilities New Zealand Ltd has reported a $7.05 million loss for the year to March 31, after $4.14m of write-offs, depreciation and other charges.
The loss compared to a loss of $5.3m last year. Total revenue rose to $1.96m from $258,520 last year.
A breakdown showed a $2.52m impairment of non-financial assets and $1.1m of depreciation and amortisation charges. The company said a large part of the loss was due to the total write-off of its Australian intellectual property.
The company raised $4.3m in December 2009. It expects to raise further capital this year.
