1414 Degrees Ltd Faces Increased Annual Losses

1414 Degrees Ltd. (AU:14D) has released an update.

1414 Degrees Ltd reported a significant downturn in its financial performance for the year ended June 30, 2024, with other income decreasing by 63.8% and losses increasing by 36.8% to $2,505,500. The company’s net tangible assets per share also dropped from 3.15 cents to 2.66 cents, and no dividends were paid, recommended, or declared during the period. An audit of the financial statements is still pending, leaving the final assessment of the company’s fiscal health open.

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