Just Life Group reports 38% profit drop

Just Life Group has reported a 38% decline in half-year net profit after tax, which amounted to $707,000.

The company's revenue for the six months to Dec 31 2023 was $18.1 million, a 3% decrease compared to the same period the previous year.

This decline in revenue was attributed to a 9% drop in the Healthy Homes division, while the Healthy Living division saw a 1% increase.

Just Life Group's EBITDA also declined by 13% to $3.3m.

On a positive note, the company's shareholder equity remained relatively unchanged at $28.4m, and net debt decreased to $12.7m.

Just Life Group's directors have decided to pay an interim dividend of 0.3 cents per share.

The company is currently facing challenges in the Healthy Homes sector due to the impact of interest rates.