Jade Software loss widens in 2015 as global slowdown weighs on logistics unit

Wed, 25 May 2016

By Paul McBeth May 25 (BusinessDesk) - Jade Software, the privately-owned software developer, posted a wider loss in 2015 as a weaker global economy slowed sales in its logistics business and kept a lid on revenue. The Christchurch-based company reported a loss of $3.5 million in calendar 2015, up from a loss of $1.1 million a year earlier, according to its annual report filed with the Companies Office. Revenue was largely flat at $29.8 million while expenditure rose 6.4 percent to $30.1 million. Jade said its logistics business - whi...

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