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My Foodie Box Limited Reports Reduced Losses and Investment Update

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My Foodie Box Limited Reports Reduced Losses and Investment Update

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An announcement from My Foodie Box Limited ( (AU:MBX) ) is now available.

My Foodie Box Limited reported a significant reduction in its net loss for the half-year ended 31 December 2024, with a 46% decrease from the previous year. The company’s interest in MFB (WA) Pty Ltd was diluted to 12.33% following capital raises, and this investment is now accounted for as a financial asset at fair value through profit or loss.

More about My Foodie Box Limited

My Foodie Box Limited operates in the food industry, primarily focusing on providing meal kits and related services. The company has been involved in the disposal of its business to MFB (WA) Pty Ltd and holds a minority stake in the entity.

Average Trading Volume: 10,000

Technical Sentiment Signal: Sell

See more insights into MBX stock on TipRanks’ Stock Analysis page.

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