28 Mar 2012

Software company set to post loss

7:26 pm on 28 March 2012

A financial software company listed on the NZX stock exchange, Finzsoft Solutions, is forecasting a financial loss for the year just finishing.

The company says it will lose between $400,000 and $550,000 in the year to the end of March, compared with a $545,000 profit last year.

Finzsoft is blaming the loss on a US customer withdrawing from a proposed deal in which the New Zealand company would have been the preferred supplier.