Sealegs narrows first-half loss on sales of more profitable models

Tue, 13 Nov 2012

Nov. 14 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, reported a narrower first-half loss as it increased sales of more profitable models catering for the luxury market. The loss was $133,998 in the six months ended Sept. 30, from a loss of $1.17 million a year earlier, the Auckland-based manufacturer said in a statement to the NZX. Sales rose 11 percent to $7.6 million. The company invoiced for 50 boats in the first half, little changed from 49 boats a year earlier, though its average unit price rose as it introduced new top-...

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