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 via 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

Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('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.

Primary Sector

Fonterra's FY result looking good

Rebecca Howard | Fri, 12 Aug 2022

The co-op said earnings for the year to July 31 were at the top end of the 25–35 cents per share guidance it has signalled.

Finance

Doubling in extreme weather events hits IAG’s margins

Riley Kennedy | Fri, 12 Aug 2022

The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m.

Sport

Business of Sport: rot runs deeper than Ian Foster

Trevor McKewen | Fri, 12 Aug 2022

The All Blacks coaching position is just the tip of the iceberg for NZ Rugby.

Zoono profit plunges as covid demand loses momentum

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team