Technology investor Tag Pacific made a bottom-line profit of $A312,000 ($392,600) in the half-year ended December 31, after a loss in the previous corresponding period of $A247,000.
Operating profit for the New Zealand and Australian-listed company was $A700,000 compared with a loss of $A617,000 previously.
Revenues improved to $A16 million ($A14.21 million).
Tag said that significantly the result did not include gains from recent initiatives involving the recently listed Chaos Multimedia and soon-to-be-listed e-health company IBA Technologies, in which it has a 13.2 per cent interest.
"These investments have not been revalued," said chairman Peter Wise.
"The company is confident that significant realised and unrealised gains from technology investments will be evident in the second half of the financial year."
But he said the performance was impeded by the lacklustre performance of 51 per cent-owned MHS Technologies in New Zealand.
Tag closed 3c lower at 57c yesterday.
- NZPA
High-tech Tag pulls back into black
AdvertisementAdvertise with NZME.