ASX-listed Kiwi translation firm edging towards profitability

Wed, 28 Nov 2018

By Nikki Mandow Nov. 28 (BusinessDesk) - Newly-ASX-listed Straker Translations says it’s on track to achieve its full-year prospectus forecasts, after two European acquisitions and strong organic growth in the first half. But it hasn’t yet got itself into the black. Straker uses cloud technology to farm out translation work around the world, from its base in Auckland. It listed on the Australian stock exchange in October, raising $20 million. The company lifted translation revenue to $12 million for the six months ended September, u...

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