Halter's NZ FY net profit shows it's a cash cow

Don't fence me in - a cow wears the "virtual fence" Halter product. (Image: Halter)

Wed, 27 Nov 2024

The first look into the New Zealand unit of Halter’s accounts shows just how far the smart cow-collar company has come with the bottom line in the black, revenue looking chunky and positive cash flow. Accounts for the year to March 31 show it had a net cash flow from operating activities of $27.6 million, up from $19m in the prior year. Net profitThe privately held firm, which has previously kept its revenue and profit/loss numbers close, also reported a net profit of $1.36 million in the year to March 31, turning around a $1.56...

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