Golden Arches drive Plexure’s ‘unacceptable’ loss

Golden Arches drive Plexure’s ‘unacceptable’ loss
Despite Plexure's global deal with McDonald's, it struggles to make money. (Image: Getty)
Pattrick Smellie
Mobile phone marketing software developer Plexure reported a $24.1 million net loss for the year to March 31 as the company sought to turn around unprofitable service to its biggest customer, McDonald’s, under new leadership.“The legacy structure of the Plexure division has resulted in an unacceptable loss for the year,” said CEO Daniel Houden, who came to the company via the Australian company TASK, which Plexure bought in a shares and cash deal valued at $118m last September.“I will not accept the lack of profitability...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025
Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025