Also news articles are important:Key Points:"Normalised gross...

Also news articles are important:



Key Points:

"Normalised gross profit for the company totalled $5.9 million over the first half of FY21, up from $2 million during the first half of FY20

Despite the increase though, KTD's gross margin did fall slightly from the same time last year, down from 27 per cent to 24 per cent

The overall growth in profit was spurred on by record sales growth of $24.5 million, exceeding the 12-month full year FY20 result of $22.5 million

Keytone also reported a significant decrease in its cash burn, down 83 per cent during the December quarter to take the company cashflow positive

In the meantime, along with the sales and profit growth, Keytone also reported a reduction in its cash burn over the period

In particular, the company said during Q2 FY21 it has reduced its operation expenses by 83 per cent to go cash flow positive from September."

Source:
https://themarketherald.com.au/keytone-dairy-asxktd-triples-profits-in-1h-fy21-amid-record-sales-growth-2020-11-30/