Althea suffered a rocky end to the financial year despite reducing its net cash operating deficit by 61% and revealing an operational review will save the company A$4m each year.
Sharp declines in cash receipts for both its pharmaceutical and recreational divisions, down 17% and 18% respectively on the previous corresponding periods, dented its year-end result although it still posted overall growth in customer receipts of 4.5%, to $34.5m.
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