Oceania Natural shares up 7% despite missed targets

Mon, 02 May 2016

By Edwin Mitson May 2 (BusinessDesk) - Shares in the newly listed food supplements maker Oceania Natural rose 7% in trading today despite failing to meet company targets on revenue, distributor sales, and gross margin. The company is listed on the NZX's NXT platform, which means it is only required to publish key metrics. Oceania listed on March 31st with 25 percent of shares sold for 64 cents apiece in the first local listing of the year. Shares have since soared and are currently trading at $2.70. Total revenue at Oceania for the ye...

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