Skincare and candle company Ecoya is set to appoint a new chief executive and change its name as it embarks on a major growth phase that will take it into Asia.
The listed company expects to break even this year after a loss of $218,000 in 2011.
Shareholders at its annual meeting in Auckland on Tuesday were told that revenue is forecast to rise by 18% to $26.6 million in the year to March 2013.
In the first six months, it estimates New Zealand revenues to rise by 30% and by 6% in its biggest market, Australia, while online sales are expected to more than double.
Chairman Geoff Ross says the firm will name a new chief executive in the next three weeks to oversee the growth programme.
The company has invested millions of dollars in the first six months in a series of marketing and retail initiatives as well as a push into Asia.
"Natural skincare in Asia is relatively undeveloped, but there is a lot of interest," Mr Ross says.
Ecoya will also look at expanding its own retail outlets next year, though they are unlikely to be traditional stores.