ECOYA Interim Report for the 6 months ending 30 Sept 2012

Press Release – Ecoya Ltd

Ecoya Limited (NZX:ECO) has today released its Interim Financial Statements for the six months ending 30 September 2012. This is on track with guidance as outlined at this year’s AGM.29 November 2012

ECOYA Interim Report for the 6 months ending 30 September 2012
Ecoya Limited (NZX:ECO) has today released its Interim Financial Statements for the six months ending 30 September 2012. This is on track with guidance as outlined at this year’s AGM.

Revenue for the half year was $12.1m, an increase of 16% on the same period last year, whilst at an EBITDA level the result for the six months was a loss of $184k.

For the full year the Board is forecasting revenue in excess of $26m, up from $22.6m on the previous financial year with EBITDA expected to be greater than breakeven.

Chairman Geoff Ross added “This is consistent with our strategy to invest for growth. We have front loaded investment and have built very strong platform for growth in the second six months of the year and throughout 2013”

Ecoya also advised that the Interim Report for 6 months ending 30 September 2012 will be available prior to Christmas on the company’s website www.ecoya.com for download.

Reconciliation of EBITDA to the Group loss after tax;

Six Months to 30/9/2012
$’000
Revenue 12,163
EBITDA (184)
Interest (348)
Depreciation (250)
Tax (15)
Net Profit after Tax (797)

ENDS

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