Wide Open Agriculture Reduces Annual Loss, Refocuses Business

Wide Open Agriculture Ltd. (AU:WOA) has released an update.

Wide Open Agriculture Ltd reported a reduced annual loss of $12.7 million for the year ended June 30, 2024, a 13% improvement from the previous year. The company has sold its subsidiary, Dirty Clean Food, to focus on its plant-protein portfolio and has acquired a new manufacturing facility in Germany to advance production capabilities. Despite these changes, no dividends were paid to shareholders, and the net tangible assets per share decreased from 7.06c to 4.57c.

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