26 May 2013

Ecoya, Trilogy brands 'do well'

7:25 pm on 26 May 2013

Ecoya, which is changing its name to Trilogy International, has reported a maiden annual profit and is forecasting strong growth this year.

The company, which was floated in 2010 by Geoff Ross of 42 Below fame, made a $34,000 after tax profit for the 12 months to March, compared to a $218,000 loss the previous year.

The actual results were slightly ahead of Ecoya's own guidance in April.

Chief executive Stephen Sinclair says both the Ecoya and Trilogy brands performed well.

Ecoya is forecasting operating earnings will rise from the $1.3 million recorded in the latest year to more than $2 million this year.

Mr Sinclair says both brands will contribute to that growth but he expects the Trilogy brand will continue to contribute about 60% of sales.

The two brands cover candles and skincare.