25 Nov 2010

Ecoya coy about profit timetable

6:58 am on 25 November 2010

Ecoya is again refusing to say when it will become profitable, though the scented candle maker says it will be soon.

The company, which listed on the stock market in May, lost $2.6 million in the six months to September, though sales nearly tripled to $4.4 million.

The result included one month's worth of trading from Trilogy, a natural skincare range that it bought for $20 million in September.

Despite the overall loss, executive chairman Geoff Ross says revenue is growing rapidly.

He says Ecoya is on track to become profitable in the near future as it launches a range of bath and body products in the New Year and continues a push overseas.