Renaissance returns to profitability in FY 2010

Written by Philip Roy | 01 December 2010
Posted in NZ

Renaissance has announced that it has returned to profitability in the nine months to 30 September 2010. The company changed the balance date in 2010 from 31 December to 30 September to move the volatile December quarter to the first quarter of the new reporting period. At the same time the company announced that its revenue had increased 10% for the comparable 9-month period in 2009, generated a positive net operating cashflow, and finished the year with net cash of over $3 million. Details available here (PDF)

Tags: Renaissance
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