Greenfern Industries (GFI) H2 2024 earnings summary

Executive summary

• Revenue from continuing operations for the year ended 31 March 2024 was NZD 378,000, a 40% decrease year-over-year.

• Net loss from continuing operations was NZD 1,573,000 for the period.

Financial highlights

• Total revenue for the period was NZD 378,000, down 40% compared to the previous year.

• Net loss for the year was NZD 1,573,000, representing a 22% increase in losses year-over-year.

• Net tangible assets per quoted equity security decreased to NZD 0.01399 from NZD 0.02075 in the prior period.

Capital allocation and financing

• No dividends were proposed or paid for the period ended 31 March 2024.