Wynyard first-half loss widens on spending, full-year sales dependent on contract timing

Mon, 25 Aug 2014

By Suze Metherell Aug. 25 (BusinessDesk) - Wynyard Group, which makes security software, reported a wider first-half loss as it spent more on its expansion plans and said sales in the full-year are dependent on the timing of major contracts. The net loss was $10.2 million in the six months ended June 30, from a loss of $3.1 million a year earlier, the Auckland-based company said in a statement. Sales were $9.6 million, compared to a pro-forma $10.3 million a year earlier. Wynyard, which was spun out of Jade Software, debuted on the NZ...

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