Althea Group’s Losses Soar Despite Revenue Growth

Althea Group Holdings Ltd. (AU:AGH) has released an update.

Althea Group Holdings Limited reported a significant increase in losses for the fiscal year ended June 30, 2024, with losses after tax rising by 133.6% to $32,057,000, despite a 21.0% increase in revenues. The company’s financial performance was impacted by notable items including impairment of Goodwill and losses from completed projects. The adjusted EBITDA also reflected a downturn, with a loss of $6,066,000 compared to the previous year.

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