NZX-listed amphibious boat-maker Sealegs says its loss for the March year halved to $1.9 million, helped along by a strong lift in sales.
Sales for the year came to $13.8m, up 38 per cent on the previous year.
The annual loss compared with a loss of $3.6m in the previous year.
At the end of the year, Sealegs had cash and bank balances of $4.3m.
The company sold 106 boats in the period, up 39 per cent compared with the previous year.
An improved trading performance in the second half reflected improved sales and a reduction in overhead costs as a result of a restructuring programme that started last year, the company said. Shares in Sealegs last traded at 10c each.
