New Image shares climb to 12-month high on bullish sales forecast

Wed, 24 Oct 2012

By Paul McBeth Oct. 24 (BusinessDesk) - New Image Group, which makes colostrum-based health tonics, expects annual sales will beat $100 million after its Malaysian business underpinned a strong first quarter result, and helped push the shares to a 12-month high. The Auckland-based company turned a pre-tax profit of $3 million in three months ended Sept. 30, compared to a loss of $1 million a year earlier, it said in a statement. Sales grew 83 percent to $31.7 million in the quarter, and New Image expects to post more than $100 million in ann...

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