22 Apr 2013

Skincare company sales up 18% as forecast

7:05 pm on 22 April 2013

Ecoya has upgraded its profit forecast.

The skincare and candle company now expects to report a $1.1 million operating profit for the year ended March, significantly better than the break-even result it forecast in November last year.

Sales for the year were bang on forecast, up 18% to $26.6 million.

Chief executive Stephen Sinclair said the better than expected result reflected greater efficiencies and changes to the product mix which led to higher margins as well as adjustments to marketing spending.

The Trilogy skincare brand, which now has distribution in Britain through all 27 John Lewis stores and in Australia through more than 450 Amcal and Guardian stores, continued to deliver all the profits.

He said the Ecoya candles brand is still making operating losses, but it will be making an operating profit shortly.