Olivers Retail Food
(ASX:OLI) has reported a net loss after tax (NPAT) of $2.8 million for FY17, representing a downturn of 525.2 per cent FY16’s $662,000 profit.
But in some good news for the company, its revenue strengthened over the 2017 financial year, and lifted 21.2 per cent on FY16 to $20.7 million.
The company says the results were impacted by 3 new store openings and the buyback of 7 franchises.
Olivers Retail Food declared no dividend for FY17.
Shares in Olivers Retail Food
(ASX:OLI) are trading down 2.13 per cent to 23cents.
