PharmaZen posts record 1H profit; reaps benefit from investments

Tue, 11 Sep 2018

By Tina Morrison Sept. 12 (BusinessDesk) - PharmaZen, a manufacturer of plant and animal-based health supplements, turned to a record first-half profit as it reaped the benefit of earlier investments. Earnings before interest, tax and depreciation jumped by more than $1 million to $785,000 in the six months to June 30, compared with a loss of $170,000 in the year-earlier period, the company said in a statement. Turnover increased 48 percent to $5.56 million. PharmaZen, founded in 2001 by the late Dunedin entrepreneur Howard Paterson,...

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