Foresta Group's (ASX:FGH) H1 FY24 revenue plunges 92% YOY

Foresta Group reported a 92% drop in revenue to $32,000 for the first half of FY24 ended Dec. 31, 2023, alongside a 54% increase in after-tax losses to $2.39 billion.

Compared to the same period FY23, the after-tax operating loss was lower at $2.39 million.

 The company refrained from paying dividends, prioritising the management of financial resources.

Foresta continues its projects, particularly advancing the development of patented pine chemicals and torrefied wood pellets plant in New Zealand.