SLI Systems shares soar 80% after maiden profit

Thu, 22 Feb 2018

By Tina Morrison Feb. 23 (BusinessDesk) - SLI Systems stock soared 80 percent to its highest level in more than six months after the e-commerce software seller posted a maiden first-half profit as it changes strategy to a more self-service model, retained more customers, and reduced costs. The Christchurch-based company posted a profit of $1.2 million, or 1.8 cents per share, in the six months ended Dec. 31, from a loss of $1.4 million, or 2.1 cents, in the year-earlier period. Operating expenses fell 8.4 percent to $6.2 million while ope...

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