PuriflOH Limited Faces Increased Half-Year Losses

Purifloh Limited (AU:PO3) has released an update.

PuriflOH Limited reported a substantial increase in its half-year loss from ordinary activities after tax, jumping 136.39% to $(751,304) compared to the previous year. The company has curtailed cash outflows and ceased ongoing payments to Somnio Global, with all research now being conducted in-house in Australia. Despite the losses, it still has access to a A$3M debt facility from its major shareholder, with a balance of $2,091,158 available for future needs.

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