Markets

Zoono share price plummets on back of half-year loss

Denise McNabb
Thu, 03 Feb 2022

Zoono share price plummets on back of half-year loss
A worker in London uses Zoono inside trains. (Image: Getty)
Denise McNabb
Thu, 03 Feb 2022
A hefty legal settlement, sluggish sales and clients carrying too much inventory whacked ASX-listed trans-Tasman antimicrobials company Zoono and its share price.After reporting an unaudited NZ$1.99 million net loss for the six months to Dec 31 on the back of $6.2m revenue on Monday the share price fell from 36 cents to 28c before rebounding to 29c – a far cry from $3.20 18 months ago on the back of a rush for the company’s hand and surface sanitisers after covid gripped the world.The interim result was also in contrast to the $1.90...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Bloomberg
What’s in the landmark US climate and tax bill
Bloomberg | Mon, 08 Aug 2022

After an epic struggle, the US Senate has passed a landmark climate change, tax and healthcare bill that Joe Biden hopes will help the Democrats in the mid-term elections.

The Quiz FREE
QuiznessDesk, Monday, Aug 08, 2022
The Quizmaster | Mon, 08 Aug 2022

The wettest month on record has passed, so it's time to enjoy your daily quiz while basking in the sunlight. 

Technology
Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.