Figtree Holdings Limited reveals its latest unaudited financial statements, navigating challenging global political and economic conditions. The report highlights a significant decline in revenue and reduced gross profit compared to the previous period, stemming from smaller projects and lower margins. The Group continues to face material uncertainties regarding its ability to continue as a going concern, relying heavily on continued support from a corporate shareholder. Management's current strategy focuses intensely on conserving cash, strengthening the financial position, and actively seeking opportunities to enhance liquidity while persisting in tendering for new design and build projects.
• Discover how global challenges impacted the Group's turnover, resulting in a substantial drop in revenue compared to the prior period
• Uncover the critical financial dependency issues, as the Group relies on continued support from a corporate shareholder to address material uncertainties regarding its ability to continue as a going concern
• Learn about management's strategy to conserve cash and explore ways to unlock value from existing assets amidst persistent cost pressures on labour and materials
