AoFrio Limited's H1 FY23 performance mirrors FY22

AoFrio Limited has released its Interim Report for the six months ended 30 June 2023.

The report shows that the company's financial performance for H1 FY23 was similar to H1 FY22.

This is due to global economic uncertainty and ongoing supply chain issues.

The company now expects FY23 revenue to be similar to FY22 and EBITDA to be around $2.5 million, which is 50% higher than FY22 but lower than previous guidance.

There is a possibility that market conditions may not improve until FY24.

The company will continue to control costs and focus on new product development and market growth for FY24.