RLF AgTech Ltd ( (AU:RLF) ) has provided an announcement.
RLF AgTech Ltd reported a significant increase in sales revenue for the half-year ended 31 December 2024, primarily due to its acquisition of LiquaForce. Despite a 249% revenue increase to $13.6 million, the company’s gross margin decreased due to the lower-margin nature of LiquaForce’s products. The company achieved a profit before tax of $0.31 million, aided by a debt reduction that added $1.47 million to other income. Operational costs included business development and restructuring, totaling $0.5 million. The company’s cash flow from operations rose by 359%, resulting in a cash balance of $5.41 million.
More about RLF AgTech Ltd
RLF AgTech Ltd operates in the agricultural technology industry, focusing on the production and sale of agricultural products. The company recently expanded its market presence through the acquisition of LiquaForce, which specializes in high-volume, lower-margin products.
YTD Price Performance: 20.0%
Average Trading Volume: 437,605
Technical Sentiment Consensus Rating: Hold
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