RLF AgTech Ltd (AU:RLF) has released an update.
RLF AgTech Ltd. reported a significant loss of $8.05 million for the fiscal year ended June 30, 2024, influenced by one-off costs totaling $2.52 million, which included credit loss, obsolete stock write-off, impairment, and acquisition-related expenses. Despite the losses, the company is undergoing major restructuring, including taking back control of their Australian sales and manufacturing, as well as forming plans for a new domestic sales and distribution venture. No dividends were issued or declared for the financial years in question, reflecting the company’s focus on internal consolidation and strategic realignment.
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