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02/14/14 - $0.11
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sealegs corp ltd (SLFFF) Details

Sealegs Corporation Limited, together with its subsidiaries, manufactures and sells amphibious marine crafts. It offers recreational boats for water skiing, wake boarding, other water sports, diving, leisure boating, and fishing; and military and professional amphibious marine craft for various commercial applications, including fish farming and aqua-culture, tour operations, dredging and mining, coastal survey and seismology, port authorities, resorts, eco-tourism, conservation and scientific research, military and navy, law enforcement applications, and for use as water taxi and luxury yacht tender. The company serves customers in New Zealand, Australia, France, the United Kingdom, South Korea, Malaysia, Ireland, Hong Kong, Thailand, Belgium, the United Arab Emirates, and the United States. Sealegs Corporation Limited was incorporated in 1987 and is based in Auckland, New Zealand.

Founded in 1987

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sealegs corp ltd (SLFFF) Key Developments

Sealegs Corporation Limited Announces Management Appointments

Sealegs Corporation Limited announced a number of management and board changes. The board has appointed Wayne Mapp and David McKee Wright as new board members. Mr. Mapp was formerly a Minister of Defence and a Minister of Science, Research and Technology in New Zealand and currently serves as a member of the New Zealand Law Commission. Mr. McKee Wright is one of the founders of Sealegs and his deep knowledge of the company should make a significant contribution to the board. Mr McKee Wright is also appointed as Interim CEO.

Sealegs Corporation Limited Announces Group Earnings Results for the Half Year Ended September 30, 2014

Sealegs Corporation Limited announced group earnings results for the half year ended September 30, 2014. For the period, the company reported revenues of NZD 9,672,198 compared with NZD 8,381,883 for the same period a year ago. Profit before share options & impairment of assets was NZD 32,343 compared with loss before share options & impairment of assets of NZD 582,559 for the same period a year ago. Profit before income tax was NZD 32,343 compared with loss before income tax of NZD 603,650 for the same period a year ago. Profit for the period after income tax attributable to company shareholders was NZD 32,343 or NZD 0.05 per diluted share compared with loss for the period after income tax attributable to company shareholders of NZD 603,650 or NZD 0.51 per diluted share for the same period a year ago. Net cash flows from operating activities was NZD 438,338 compared with net cash used in operating activities of NZD 1,210,496 for the same period a year ago. Purchase of fixed assets was NZD 59,989 compared with NZD 55,592 for the same period a year ago. Payments for patents & trademarks was NZD 19,303 compared with NZD 16,206 for the same period a year ago. Payments for development costs was NZD 1,194,133 compared with NZD 724,604 for the same period a year ago.

Sealegs Corporation Limited Announces Resignation of Michael Beagley as Independent Director

Sealegs Corporation Limited announced that Michael Beagley has resigned as an independent director of the company, effective 29 August 2014.


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