Ecoya posts maiden annual operating profit

Wed, 30 May 2012

May 30 (BusinessDesk) - Scented candle and skincare products company Ecoya said it made a maiden annual operating profit after sales jumped 58 percent. Profit after interest costs but before tax and non-recurring accounting adjustments relating to the Trilogy earnout provisions was $204,000 in the year ended March 31 compared with a $3.6 million loss the previous year. Ecoya paid $10 million up front for Trilogy and settled the earn-out provisions at the end of March by paying of $4.6 million in cash and issuing 4.6 million new shares to Tri...

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