Listed Companies

Zoono profit plunges as covid demand loses momentum

Denise McNabb
Fri, 27 Aug 2021

Zoono profit plunges as covid demand loses momentum

A Transport for London worker spraying a Zoono product. (Image: Getty)

Denise McNabb
Fri, 27 Aug 2021

After strong demand for its sanitisers and surface protectants when covid emerged last year, ASX-listed New Zealand microbials supplier and developer Zoono Group's sales have lost momentum. As a result, net profit plunged 72.2% to $4.6 million on the back of a 29.2% drop in revenue to $27.1 million in the year to June 30.Managing director Paul Hyslop told shareholders in a podcast that the changing fortunes were down to too much of a good thing. He said after an Australian television interview in April last year about the opportun...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets

The next carbon auction: predicting the unpredictable

Ian Llewellyn | Tue, 30 Nov 2021

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

Technology

Push to train Māori and Pacific for tech careers

Henry Burrell | Tue, 30 Nov 2021

Amazon’s cloud computing arm is training people in tech with guaranteed internships and a possible job at the end.

Finance

Bank mortgage lending less frenzied but agri-lending falls

Jenny Ruth | Tue, 30 Nov 2021

All five largest banks except Westpac increased their lending to business in the September quarter.

Zoono profit plunges as covid demand loses momentum

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team