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.
Announcement PDF
Markets News
Markets
Market Close
NZ sharemarket continues momentum, Skellerup sees green
The Red Band gumboot-maker said it earned $54.5m after tax.
Markets
Xero board faces 'first strike' over CEO pay
Xero investors fire warning shot at directors willing to pay big for talent.
Markets
Auckland airport dynamics returning to normal
Yields are improving for airlines operating into Auckland, but earnings look flat ahead.
