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13 February 2010
Posted in
NZ
Renaissance has reported its Preliminary full year result to 31 December 2009 (available here), which indicate a preliminary unaudited loss before tax of $2.721m for the 2009 year. The document outlines a mixed result near the end of the 2009 year, with Natcoll doing very well and MagnumMac (who's performance is described a "disappointment" elsewhere in the document) and the Education Division (RED) doing poorly. It appears that a minor increase in sales were offset by one-off costs and write-offs that totalled $3.425m. New CEO Richard Webb has commenced a full review of the business and more information about any changes will be available when the annual report is released in March.
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