GO2 People Ltd Reports Major Financial Decline

GO2 People Ltd. (AU:GO2) has released an update.

The GO2 People Ltd has reported a significant downturn, with revenues dropping by 71.6% and losses increasing by 146.4% to $13,441,000 for the financial year ended June 30, 2023. Following the company’s entry into Voluntary Administration on May 1, 2023, all cash has been seized, and the company has also lost control over all of its subsidiaries. No dividends were paid, recommended, or declared during this period, and the audit has resulted in a disclaimer of opinion due to limitations on auditing the Group’s records.

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