You are using an older browser version. Please use a supported version for the best MSN experience.

Profit for Trilogy more than doubles

NZ NewswireNZ Newswire 26/05/2016 Paul McBeth

Trilogy International has more than doubled annual profit as sales of its skincare and home fragrance products soared and it benefited from the acquisition of a cosmetics and fragrance distributor.

Net profit climbed to $9.4 million in the year to the end of March from $4.5m a year earlier, it said.

Revenue jumped 127 per cent to $83.1m, in line with Trilogy's March guidance.

"(It) has been an incredible year of growth and change for the Trilogy International business, both at an organisational and brand level," chief executive Angela Buglass said.

"The August acquisition of leading NZ beauty distributor CS&Co added to our overall revenue and profitability and will allow us to further develop our home market of New Zealand."

Trilogy said on Thursday it bought 25 per cent of Chilean rosehip producer Forestal Casino for $US8m ($NZ11.91m) in cash and shares, giving it certainty of supply for an oil used in skincare products.

Trilogy didn't provide firm earnings guidance for the 2017 year other than to say it expects to outperform the market.

The shares last traded at $4.23 and have jumped 46 per cent so far this year.

image beaconimage beaconimage beacon