FIJI KAVA - FY21 HALF YEAR FINANCIAL RESULTS

Financial Highlights

•  Record revenues for a six-month period of $496,379, up 111% (1HFY20: $234,521).
•  Statutory net loss of $1,547,312, a 28% improvement from the prior corresponding period (1HFY20: $2,163,789)
•  Strong financial management with a 9% reduction in costs for the half (H1FY21: $1,928,853 versus H1FY20: $2,124,238).
•  Oversubscription and successful completion of the company’s share placement, raising $4.8 million (before costs) from institutional, professional and sophisticated investors.