Zoono profit plunges as covid demand loses momentum

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

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...

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