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Orcoda (ASX:ODA) increases revenue by 381pc in FY21, page-2

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01/09/21

10:40

Post #: 55740870
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Originally posted by TheMarketHerald: ↑

Transport logistics company Orcoda (ODA) posts 381 per cent increase in revenue to $8.8 million in FY21
The company also made a total net profit of $456,996 — a 107 per cent leap from its $6.95 million net loss in FY20
In late 2020, Orcoda acquired transport services business, Betta Group, for $5 million which netted over $9.5 million in unaudited revenue for FY21
At the end of FY21, Orcoda had $2.37 million in cash which is a notable increase from the $1.37 million it started with
Company shares are trading steady at 16 cents
Transport logistics company Orcoda (ODA) has posted its preliminary financial results for the 2021 financial year.
The company reported a major 381 per cent increase in revenue from $1.8 million in FY20 to $8.8 million in FY21. Following suit, the company made a total net profit of $456,996 — a 107 per cent leap from its $6.95 million net loss in FY20.

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Great news ! Ex SMA shares increasing, just have another $1 to go to get even !
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ODA Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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