Kaddy Limited Reports Major Revenue Drop

DW8 Ltd (AU:KDY) has released an update.

DW8 Ltd, which operates under the name Kaddy Limited, reported zero operating revenue for the first half of the fiscal year 2024, a stark contrast to the $11.83 million from the previous year. Despite this, the company managed a minor turnaround with a comprehensive profit of $8,919, compared to a loss of over $52 million in the same period last year. The report also notes that the company’s subsidiaries are in liquidation and the financial statements have been prepared on a non-going concern basis.

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