Wynyard 1H loss widens as sales climb 39%, says stock price doesn't reflect value

Mon, 24 Aug 2015

By Paul McBeth Aug. 25 (BusinessDesk) - Wynyard Group, the intelligence software developer, widened its first-half loss while boosting sales 39 percent and anticipates faster revenue growth from the second half as it rolls out a new product. The Auckland-based company posted a net loss of $17.6 million, or 14 cents per share, in the six months ended June 30, from $10.2 million, or 9 cents, a year earlier, it said in a statement. Revenue climbed to $14 million from $10.1 million a year earlier, with growth in Wynyard's New Zealand and UK s...

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