The Jade group of companies has announced its half year operating revenue is up 31 per cent.
The privately owned New Zealand-based information technology company, with offices in New Zealand, Australia, the United States, Canada and the United Kingdom, today said its total revenue increased 21 per cent to $50.8 million, up from $42m in 2007, for the year ended December 31, 2008.
Earnings before interest, tax, depreciation & amortisation increased from $10.3m to $11.1m for the year, up 7.8 per cent.
Cash flow from operations after expenses grew from $7.8m to $10.8m in 2008, up 37 per cent.
The company was well placed to weather a global financial storm with over $50m in revenue and a strong cash position, said chairwoman Ruth Richardson.
Its great to see a NZ company shaking the tree and all with software that helps build economies.
We hope that John Key talks to Ruth.
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