Syft post first-half loss as costs climb; upbeat on remainder of year

Wed, 06 Dec 2017

By Rebecca Howard Dec. 7 (BusinessDesk) - Syft Technologies, which makes high-tech chemical sniffer devices to test air quality, reported a first-half loss partly due to fundraising costs but said it expects the rest of the year to be "significantly stronger" as it continues to ramp up spending in key areas like sales and marketing. Christchurch-based Syft, which trades on the Unlisted market, reported a loss of $40,000 in the six months to Sept. 30 versus a profit of $779,000 in the same period a year earlier. Total operating revenue ro...

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