A1 Investments & Resources Ltd (ASX:AYI) Reports H1 Financial Results
Financial Performance
A1 Investments & Resources Ltd reported revenues from ordinary activities dropping by 99.9% to $10 for the half-year ended December 31, 2023. The loss from ordinary activities after tax attributable to owners decreased by 68.5% to $(98,132). Overall, the total comprehensive loss for the period stood at $(98,132), compared to $(330,315) in the previous year.
Dividend Information
The company did not pay, recommend, or declare any dividends during the current or previous financial half-year.
Future Outlook
A1 Investments & Resources Ltd is actively pursuing new business opportunities and potential acquisitions to support its re-listing on the ASX. The company has secured short and medium-term funding of $300,000 and expects to finalise one of its acquisition proposals within the next 4 to 6 weeks. The consolidated entity remains focused on exploring opportunities less dependent on global supply and demand fluctuations.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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