GeoOp widens annual loss, foregoes dividends, as it chases growth

Tue, 10 Jun 2014

By Tina Morrison June 11 (BusinessDesk) - GeoOp, whose software allows mobile businesses such as builders to manage their workforce, widened its annual loss as it pressed on with investing for growth. The Auckland-based company posted a $4.6 million loss in the year ended March 31, including $600,000 of costs relating to its 2013 capital raising and listing. That compares with an annual loss of $312,000 in the 2013 year. The company's loss per share narrowed to 23.9 cents a share from 294 cents a share the year earlier as it increased th...

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