SLI widens annual loss, sales slow on reorganisation, Brazilian weakness

Mon, 24 Aug 2015

By Suze Metherell Aug. 25 (BusinessDesk) - SLI Systems widened its annual loss while sales met the reduced guidance it gave in April, after the online retail search engine developer reorganised its sales team and was impacted by a weaker Brazilian economy The Christchurch-based company reported a loss of $7.1 million in the year ended June 30, from a loss of $5.7 million a year earlier, it said in a statement. Operating revenue increased 27 percent to $28.1 million, in line with the $28 million guidance given in April, when it flagged its...

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