BPH Releases Preliminary Final Report for FY20, Records NPAT of $1.37 Million

September 01, 2020 02:18 PM AEST | By Team Kalkine Media

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The diversified firm, BPH Energy Limited (ASX:BPH) has released its preliminary final report for the financial year ended June 2020 on the ASX. BPH has noted a net profit after tax of $1.37 million for the period, as against a loss of $3.01 million in FY 2019.

The key activities undertaken by the Company and its investee players during the year include:

BPH Energy

Completion of 1 for 10 share consolidation.
Agreement to acquire an initial investment of 10% in Patagonia Genetics Pty Ltd (PG Aust).

Patagonia Genetics Pty Ltd

Purchase of first 1,300ltrs of Wonderland Agronutrients products.

Cortical Dynamics Limited

Trial of Brain Anaesthesia Response Monitor (BARM) at Southampton University Hospital in the UK.
Receipt of Korean KGMP certification by Globaluck, which is Cortical’s South Korean exclusive distributor of the BARM.
Investment secured from IntuitiveX and Gentium Partners.
Signing of a non-exclusive Licence and Co-operation Agreement with Philips.
Commencement of the FDA 510K filing process for BARM in the US.

Advent Energy Limited

Termination of the RL Energy Joint Venture Agreement for the PEP11 permit by mutual consent.
Submission of application to National Offshore Petroleum Titles Administrator (NOPTA) for drilling at PEP 11 permit.
Renewal of Retention Licence 1 in Northern Territory.

BPH is trading at $0.032 mid-day on 1 September 2020.

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