Zoono share price plummets on back of half-year loss

A worker in London uses Zoono inside trains. (Image: Getty)

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...

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