8 Dec 2014

Business Briefs

2:30 pm on 8 December 2014

Wellington Drive Technologies' loss narrows

Wellington Drive Technologies says its loss for the September quarter narrowed to $725,000 from nearly $1 million in the same three months last year, although both sales and gross profit margins fell.

The company, which makes efficient motors for use in electrical appliances, and which has never made a profit, says it is suffering from lower demand from Latin American customers.

It says European and Asian sales have grown significantly but not enough to offset the Latin American weakness.

The company says it has lowered costs and it expects a much reduced loss in 2015.

Demand from China and Latin America drives TruScreen's sales

TruScreen says its half-year results have beaten forecasts as demand from China and Latin America drive sales.

The biotech company has technology which can test for cancers, such as cervical cancer.

It announced some $414,000 in sales for the six months ended September, ahead of the $350,000 it had forecast.

The net loss for the latest period of about $491,000 compares to the more than $1.5 million loss reported in March.

Solution Dynamics' trading beats forecasts

Solution Dynamics says its seasonally important October and November trading has beaten forecasts.

As a result, its pre-tax net profit for the first-half of 2015 will be about 70 percent more than the same time last year, totalling about $550,000.

The firm says the growth has been generated without reliance on one-off software licence revenues.

It says an update on its full-year guidance would be provided when the first-half result is announced in February.