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AoFrio has another strong quarter, Q2 revenue growth of 41%
22/07/2024, 00:00 Coordinated Universal Time, GENERAL
On 23 April 2024, AoFrio announced its trading result for the three months ended 31 March 2024 and stated that it expected robust revenue growth in Q2-2024. This was achieved. Revenue for Q2-2024 was $21.8m compared to $15.5m in Q2-2023, a 41% increase. For the six months ended 30 June 2024 (H1-2024), revenue was $38.4m, a 27% increase over H1-2023. EBITDA for H1-2024 was a profit of $1.1m, a $1.8m improvement over an EBITDA loss of $0.7m in the prior comparable period. AoFrio will release its Interim Report with a comprehensive commentary on the Company’s trading performance and FY2024 outlook in August 2024.