13 Oct 2011

Ecoya hits break-even sooner than expected

1:00 pm on 13 October 2011

The candle, fragrance and body care firm Ecoya says it's reached break-even sooner than expected, helped by strong growth in Australia.

The listed company says it expects to have generated $10 million worth of sales in the six months to the end of September - more than double what it did in the same period last year.

Ecoya's expecting earnings of $240,000 in the first half of the year - compared with a loss of $2.6 million in the same period a year earlier.

Chairman Geoff Ross says they've reached an operating break-even point sooner than expected, and during the slower first half of the year too.

Mr Ross says other offshore markets like Britain, the Middle East and Asia are also growing, and the company's on track to achieving full-year revenues of $20 million or more, and a modest profit.

Shares in Ecoya have risen 6c to 96c.