Vital posts small profit as pursuer Empire Capital tidies up its takeover notice

Vital posts small profit as pursuer Empire Capital tidies up its takeover notice
Vital's customers include Hato Hone St John Ambulance. (Image: NZME)
Rebecca Stevenson
Partial takeover target Vital has reported a small profit for the year to June 30. The New Zealand Exchange-listed business telecommunications firm reported a $27,000 profit after tax, a turnaround from the prior financial year’s $183,000 loss. The firm reported revenue of $26.9 million, a decrease of 4.5% from about $28.1m in the previous financial year. Adjusted net profit after tax fell 45% year-on-year after a 65% decrease booked for a lower lease accounting gain. Chief executive officer Jason Bull&n...

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