G3 ahead of margin targets in 3Q but lags on inventory turnover, eyes further acquisitions

Sun, 29 Jan 2017

By Sophie Boot Jan. 30 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, was ahead of its annual margin targets in the third quarter of its financial year, though it remains behind on its inventory turnover target. The Auckland-based company reported gross margin of 26.5 percent and an operating margin of 23.8 percent in the three months ended Dec. 31. The NXT-listed firm provides quarterly updates on particular operating measures relevant to its business under the NXT market's disclosure regime, which is les...

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