According to an Aug 29 announcement, the improvement came on the back of the group’s contract acquisition, higher utilisation of existing assets and leveraging government grants.
Catalist-listed Aedge Group has reported earnings of $550,000 for 2HFY2024 ended June 30, up from a loss of $472,000 in 2HFY2023. Ebitda rose to $2 million from $170,000 over the same period.
Overall, the group reported a loss of $593,000 for FY2024, improving 73.6% y-o-y from a loss of $2.25 million in the previous financial year. FY2024 ebitda turned positive at $2.1 million, up from a loss of $443,000 in FY2023.
