New Zealand broadcast and telecom service provider Kordia has announced that its Australian operations performed strongly in 1H10, helping the company swing back to a half-year profit.
The company said it earned a net profit of $1 million, compared to a loss of $4.4 million for 1H08.
“Kordia Solutions Australia has again delivered a strong result, and has a good pipeline of work for the next six months from a broad base of customers and industry sectors,” Kordia CEO Geoff Hunt said.
He added that the main business had reduced its net debt from $105.4 million to $101.1 million.
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