Zespri International, which controls exports of New Zealand kiwifruit, reduced its annual profit by almost two thirds after it increased spending to help the industry recover from the Psa vine bacteria and paid Chinese court fines. Profit dropped 63 percent to $7.6 million in the 12 months ended March 31, as global kiwifruit sales fell 4 percent to $1.56 billion, …

Energy Mad, which has twice downgraded its 2013 earnings expectations, today posted a wider-than-expected loss of $2.5 million after design, manufacturing and production problems crimped sales. Energy Mad, which listed in late 2011, had forecast a $4 million profit for the year ended March 31 in its prospectus. The company subsequently lowered its forecast twice, most recently in February when …

The Directors of BLIS Technologies (“BLT”) advise that the Group recorded a net deficit of $1,856k for the March 2013 financial year (2012:$1,759k). The result was in line with the revised guidance provided in February 2013 and reflected a disappointing operating performance and the decision in February to restructure the operations of BLIS Functional Foods (“BFF”) with the cessation of …