Trilogy to triple growth

Ecoya auckland airport, trilogyNew Zealand skincare and candle company, Trilogy International, is expecting net profit before tax for the financial year ending March 31, 2015 to be greater than $4 million, an increase of more than 317 per cent on the $1.26 million achieved for the previous year.

Trilogy operated retail stores in Australia and Auckland Airport under its Ecoya candle brand, however, Inside Retail NZ understands the company is pulling back on retail to focus on wholesale and manufacturing.

Revenue is expected to be in excess of $35 million, an increase of more than 18 per cent higher than 2014.

CEO, Stephen Sinclair, said that the financial year to date has been underpinned by improved performance by Trilogy in Australia, the appointment of new distributor, McPherson’s Consumer Products, and continuing growth and profitability from the Ecoya brand.

Ecoya reached profitability for the first time in the first six months of this financial year and this profitability has continued to grow during the second six month period, including the Christmas gifting period.

Trilogy will announce its final audited results for the year before May 31.

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