New Image sees return to annual profit on rising sales, eyes Vietnam, chairman says

Wed, 28 Nov 2012

Nov. 29 (BusinessDesk) - New Image Group, which makes colostrum-based health tonics, expects a big turnaround in full-year earnings with sales tipped to exceed $100 million, according to chairman Graeme Clegg. The Auckland-based company sees pretax profit of between $12 million and $14 million in the year ending June 30, 2013, turning from a pretax loss of $4.8 million in 2012 and at least two-and-a-half times the pre-tax profit of $4.7 million in 2011, Clegg told shareholders in Auckland today. "I can confirm that the new financial year h...

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