RESEND: Blis Technologies cuts guidance with projected 2018 loss after weaker first half

Thu, 26 Oct 2017

(Fixes typo in 3rd paragraph) By Sophie Boot Oct. 27 (BusinessDesk) - Probiotics maker Blis Technologies won't deliver its maiden profit in 2018 as previously forecast after a weaker first half. In July, the Dunedin-based company forecast it would post its first profit in the current year. Today, it downgraded those expectations, saying it expects revenue for the year to be similar to that of 2017, with a small positive earnings before interest, tax, depreciation and amortisation, and a net deficit. The downturn is due to a 46 perce...

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