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Food Revolution loss smaller than reported

AAP logoAAP 2/10/2016

Food and beverage maker Food Revolution Group says its full-year loss was smaller than previously announced after an audit resulted in a big reduction in goodwill impairments.

The Victoria-based company, which debuted on the Australian Securities Exchange in February following a reverse takeover of gold miner Crest Minerals, says it lost $6.2 million in the 12 months to June 30, compared to the $8.1 million loss it reported in unaudited results in September.

Food Revolution Group's shares have fallen 60 per cent since April, to 11 cents at close of trade on Friday.

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