Expansion hits Blis Tech earnings

Thu, 27 May 2021

Blis Technologies reported earnings at the low end of its expected range, with earnings before interest, tax, depreciation and amortisation of $1.0 million for the year to March on higher product and marketing investment.While the listed probiotic manufacturer recorded virtually unchanged revenues at $10.6m, ambitious expansion into China via TMall and into Canada via Amazon, and the launch of a new skincare offering added about $900,000 in annual costs.The Dunedin-based firm also added some key new hires to support global capability. Chie...

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