Lower profits for Rocket Lab NZ as it geared for launch
Profit dropped 75% for the Rocket Lab subsidiary in the year to March 2018 but a series of commercial launches mean 2019 could be different.
Rocket Lab New Zealand posted a $386,000 profit for the year ended March 31 2018, down from $1.5 million the year before.
The subsidiary of the now California-based company operates research, development and launch services for Rocket Lab USA.
Rocket Lab New Zealand had revenue of $34.7m for
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