Technology and services provider Fujitsu has reported an improved operational result in New Zealand during 2018, after making losses in 2017.
While sales were flat year on year at $172.1 million, slightly lower than 2017's $173.8 million, Fujitsu reported a profit from operations of $3.6 million, up from just $140,000 in 2017.
That was enough to take the company's net profit for the year to 31 March out of the red (a 2017 loss of $603,000) and into the black to the tune of $2.7 million.
The tech giant appears to have tightened up its ship locally, cutting contractor and employee costs during the year from $87.4 million to $79.8 million - total costs fell from $173.6 million to $168.6 million.
Fujitsu's cash flow position also improved, with end of period cash and equivalents at $14.2 million compared with $5.9 million in 2017.