AFC Group Holdings Limited has released its interim financial results for the six-month period ending September 30, 2023.
The company reported a revenue of NZ$489 thousand, a 27% decrease compared to the same period last year, primarily due to a decline in overseas wine sales.
The company experienced a net loss of NZ$126 thousand, compared to a net profit of NZ$65 thousand in the prior comparable period.
The net assets of AFC Group decreased by 34% compared to the previous year.
The company is engaged in various businesses in New Zealand, including vineyard and winery operations, skin care product manufacturing, and international marketing and distribution.
AFC Group is focusing on cost control and market development to improve revenue and provide value to shareholders in the future.
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