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The latest announcement is out from Health and Plant Protein Group Limited ( (AU:HPP) ).
Health and Plant Protein Group Limited reported a net loss after tax of $43,000 for the half-year ending 31 December 2024, a significant improvement from the $748,000 loss in the previous year. This improvement is largely due to the divestiture of its macadamia division, which halted business operations and led to the suspension of trading in HPP shares. The company is awaiting clearance of US$3.9 million from the IRS, with uncertainty over timing and amount due to processing delays. The half-year also saw a decrease in corporate overheads and an unrealized foreign exchange gain.
More about Health and Plant Protein Group Limited
Health and Plant Protein Group Limited operates in the health and plant-based protein industry. Its primary focus was previously on the macadamia division in the USA, which it divested in April 2023.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.12M
See more data about HPP stock on TipRanks’ Stock Analysis page.
