Facebook NZ's one man band posts $81k loss in first full year

Tue, 02 Oct 2012

By Jonathan Underhill Oct. 2 (BusinessDesk) - Facebook New Zealand, the local unit of the global social media website, reported a small loss in its first full year of operation, while granting shares to one employee, based on the numbers it reported to the local regulator. Facebook NZ made a loss of $81,193 in calendar 2011, from a profit of $4,192 in the four months ended Dec. 31, 2010, according to its financial statements released to the Companies Office. Revenue from services was $427,967, up from $127,309 in the previous four-month perio...

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