Just Water lifts profit while slowing pace of customer loss

Tue, 28 Aug 2012

Aug. 28 (BusinessDesk) - Just Water, the water cooler and supplies group, lifted profit even as sales fell and said it has slowed the pace of decline in is customer base. Net profit rose to $1.76 million in the 12 months ended June 30, from $818,000 a year earlier, the Auckland-based company said in a statement. Sales fell 7.9 percent to $29.9 million. In its largest market of New Zealand the regular customer base fell 6.3 percent to 37,591, slowing from a 10.9 percent loss in the previous year, while the decline in regular Australian custom...

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