AWN Holdings Limited reports statutory operating revenue for the half-year ended 31 December 2020 of $57.9 million (2019: $68.6 million) due primarily to operational disruptions and delays in the commencement of projects within VivoPower’s Aevitas business unit due to COVID-19, offset by strong growth in revenue generated by EdventureCo’s DDLS business unit.
The statutory EBIT and loss after tax from continuing operations for the half-year ended 31 December 2020 were a loss of $3.6 million (2019: loss of $2.8 million) and a loss of $4.0 million (2019: loss of $5.0 million) respectively.
Group net cash position increased to $35.3m as at 31 December 2020 (30 June 2020: $12.6m), reflecting VivoPower's successful capital raising.
For further information, please follow the links below:
AWN Interim Financial Report for the Half Year Ending 31 December 2020
AWN Investor Presentation for the Half Year Ending 31 December 2020
AWN Interim Results Update with CEO, Kevin Chin and CFO, Cameron Fellows (Audio)