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My Food Bag lifts profit as revenue, active customers fall

Market conditions are expected to remain challenging in the second half.

My Food Bag chair Tony Carter, left, and CEO Mark Winter.

Key points
  • Revenue: Down to $82.2 million from $83.8m in the six months ended September 30.
  • Profit: Up to $3m from $2.5m.
  • Main takeaway: Market conditions are expected to remain challenging in the second half as revenue and customer numbers drop.

Listed food delivery company My Food Bag expects market conditions will remain challenging in the second half of its 2025 financial year, after revenue and active customer numbers fell in the first half.

The company today reported that revenue fell to $82.2 million in the six months ended September

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Hamish McNicol Thu, 21 Nov 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Down to $82.2 million from $83.8m in the six months ended September 30.
  • Profit: Up to $3m from $2.5m.
  • Main takeaway: Market conditions are expected to remain challenging in the second half as revenue and customer numbers drop.
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