New Zealand's Black Pearl Group rises as quarterly loss narrows

Black Pearl

20/10/2026 02:22

** Shares of Black Pearl Group BPG.NZ rise as much as 6.4% to NZ$0.245, their biggest intraday pct gain in more than a week
** The software company says its second-quarter EBITDAF loss narrowed 34% to NZ$2.97 million ($1.68 million) quarter-on-quarter
** Remains on track to reach EBITDAF profitability in first-quarter full year 2028
** Reports first-half full year 2027 revenue growth of NZ$7.33 million, up 42% YoY
** YTD, stock down 74.7%, including the session's moves

($1 = 1.7658 New Zealand dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com))