New Image posts FY loss after one-off charge, impairment

Wed, 29 Aug 2012

By Hannah Lynch Aug. 30 (BusinessDesk) - New Image, which makes colostrum-based health tonics, reported a full-year loss that met is guidance after taking one-time charges to write-down its Living Nature and Sleep Time brands. The loss was $6.1 million in the 12 months ended June 30 from a profit of $2.3 million a year earlier, the Auckland-based company said in a statement. Sales fell 1.5 percent to $74.7 million, beating New Image's May guidance of $73 million. The result included an impairment charge of $2.3 million against New Image's...

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