AoFrio reports 41% revenue increase in Q2

AoFrio has reported a 41% increase in revenue for the second quarter of 2024.

Revenue for the quarter reached $21.8 million, up from $15.5m in the same period last year.

The strong growth in revenue was in line with the company's earlier announcement, where it expressed expectations of robust revenue growth in Q2.

AoFrio also provided an update on its financial performance for the six months ended June 30, 2024.

During this period, revenue amounted to $38.4m, marking a 27% increase compared to the first half of 2023.

The company's earnings before interest, taxes, depreciation, and amortisation (ebitda) turned a profit of $1.1m in H1-2024, a significant improvement from the ebitda loss of $0.7m in the prior comparable period.

AoFrio will release its interim report, including a comprehensive commentary on its trading performance and the full-year 2024 outlook, in August 2024.