Sealegs reports annual loss, revenue rises
Sealegs Corp Ltd has reported a $3.58 million loss from revenue of $10.1 million and says it has cash reserves of $4.6 million as at March 31.
Sealegs Corp Ltd has reported a $3.58 million loss from revenue of $10.1 million and says it has cash reserves of $4.6 million as at March 31.
The loss in the year to March 31 was wider than the $2.97m in the previous year, when the company recorded a $2.6m impairment of assets. The revenue was up 11.6 percent on last year.
The amphibious marine craft maker said it was working on developing European and North American markets and this would have short-term costs.
NZPA
Fri, 27 May 2011
Fri, 27 May 2011
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Sealegs reports annual loss, revenue rises
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