Orion Health targets return to profit in 2018, lifts annual revenue 26%

Sun, 22 May 2016

By Paul McBeth May 23 (BusinessDesk) - Orion Health is targeting a return to profit in 2018 after reporting a 26 percent increase in annual revenue as a weaker New Zealand dollar bolstered returns and a smaller tax expense helped narrow the health software developer's loss. The Auckland-based company posted a loss of $54.4 million, or 34.2 cents per share, in the 12 months ended March 31, from a loss of $60.8 million, or 42.3 cents, a year earlier. The bottom line was helped by a tax expense of $1.7 million, down from $10.1 million in 20...

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