Monday 29th November 2010 |
Text too small? |
Renaissance, a New Zealand distributor of Apple products and education software, posted a profit in the nine months ended September 30, as sales rose.
Earnings before tax were $466,000 in the nine months, from a loss of $1.1 million a year earlier, the company said in a statement today. Sales rose 10% to $154 million.
Renaissance changed its balance date to September 30 from December 31, saying it wanted to shift the "volatile" December quarter to the first quarter of the new year. Apple announced it had appointed a second distributor of its products in September.
The IT industry "continues to exhibit significant structural changes related to the introduction of virtualisation and cloud computing," said chief executive Richard Webb.
The shares fell 3% to 31 cents and have climbed 45% this year.
BusinessDesk.co.nz
No comments yet
Kiwi Property FY24 annual results announcement date
MFB - FY24 Results Announcement Date and Briefing Details
AIA - Announces books closed for retail bond offer
May 8th Morning Report
NZ-UAE free trade on the table
ANZ - 2024 Half Year Results Documents
FWL - Foley Wines Limited 2024 Harvest
IKE Closes Major Multi-Year Subscription Deals
AIA - 2024 Macquarie Australia Conference Overview of AIA
Devon Funds Morning Note - 06 May 2024