Sealegs turns first-half profit as local market drives sales, Brazil opens new doors

Thu, 23 Oct 2014

By Paul McBeth Oct. 24 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. The Auckland-based company reported a net profit of $32,300, or 0.05 cents per share, in the six months ended Sept. 30, turning around a loss of $604,000, or 0.51 cents, a year earlier, it said in a statement. Revenue rose 15 percent to $9.67 million, with 59 boats invoiced in the period compared to 54 a year earlier. "This s...

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