SaaS Solutions Provider, REFFIND Reports Preliminary Financial Results for FY20

September 01, 2020 12:28 PM AEST | By Team Kalkine Media

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Australia-based software-as-a-service solutions company, REFFIND Limited (ASX:RFN) has reported its preliminary unaudited financial results for the year ended 30 June 2020, highlighting revenue from ordinary activities of A$ 82,651.

RFN believes that the impact of COVID-19 is currently persistent and estimating the potential impact (positive or negative) is not practicable at this time. The situation is rapidly evolving and rests on the measures enforced by the Australian Government as well as other countries, such as, travel restrictions, maintaining social distancing requirements, quarantine and any economic stimulus that may be provided.

The Company’s unaudited cash and cash equivalents at the end of the financial year stood at A$ 72,590. Its total investment in Loyyal Corporation stood at USD 2,400,000 on 30 June 2020 and interest revenue totalling A$ 14,649 was recognised on the convertible note component of the investment in Loyyal during the year ended 30 June 2020.

REFFIND looks forward to lodge its audited annual accounts on or before 31 October 2020.

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