AoFrio has another strong quarter, Q2 revenue growth of 41%

GENERAL

Mon, Jul 22 2024 12:00 pm

On 23 April 2024, AoFrio announced its trading result for the three months ended 31 March 2024 and stated that it expected robust revenue growth in Q2-2024. This was achieved.

Revenue for Q2-2024 was $21.8m compared to $15.5m in Q2-2023, a 41% increase.

For the six months ended 30 June 2024 (H1-2024), revenue was $38.4m, a 27% increase over H1-2023. EBITDA for H1-2024 was a profit of $1.1m, a $1.8m improvement over an EBITDA loss of $0.7m in the prior comparable period.

AoFrio will release its Interim Report with a comprehensive commentary on the Company’s trading performance and FY2024 outlook in August 2024.