- Pure Foods Tasmania (PFT) will soon raise extra capital after placing its shares in a trading halt ahead of a fundraise
- The multi-brand food business is halted from trading until October 7, when the full details of the capital raise will be announced
- PFT ended the 2021 financial year with a net loss after tax of over $716,000 and cash worth roughly $1.6 million in the bank
- The company made $7.83 million in revenue over FY21 from its eight different food, cheese and meat brands
- PFT last traded at 56.5 cents per share on October 4
Pure Foods Tasmania (PFT) will soon raise extra capital after placing its shares in a trading halt ahead of a fundraise.
The multi-brand food business will remain halted from trading until October 7, when the full details of the capital raise will be announced.
PFT ended the 2021 financial year with a net loss after tax of over $716,000, slightly higher than FY20’s loss of $203,400.
The business owns a series of meat and dairy brands, including Pure Tasmanian Seafood and The Cashew Creamery.
It ended FY21 with roughly $1.6 million worth of cash in the bank and $12.98 million worth of total assets including cash.
While in terms of revenue, Pure Foods made $7.83 million in revenue during the financial year.
That’s a significant increase compared to the previous year’s results, when the business made $4.53 million in revenue.
Before today’s trading halt, shares in Pure Foods Tasmania were trading at 56.5 cents per share on October 4.