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Arc AFC GROUP HOLDINGS LIMITED ( Listed on the NZAX : AFC ) 1/245 Ti Rakau Drive Burswood Auckland Ph : +64 ( 09 ) 930-0245 Preliminary Announcement of AFC Group Holdings Limited Financial Results The financial statements of AFC Group Holdings Limited ( " AFC Group " ) are still in the process of being audited for the year ended 31 March 2021. The Company reports an unaudited net loss attributable to shareholders of $ 1,268,851 for the year . This compares with a net loss attributable to shareholders of $ 1,170,553 for the previous year . The loss for the year was mainly due to reduced sales due to COVID - 19 , the impairment of stock and fixed assets of AFC Biotechnology Manufacture Co Ltd. For the year ended 31 March 2021 , the net assets were NZ $ 1.29 million , Cash and cash equivalent products were NZ $ 0.003 million , and fixed assets were NZ $ 1.49 million . The annual sales revenue for the year ended 31 March 2021 was NZ $ 0.65 million . The market capitalisation value was NZ $ 3.66 million . Please refer to the attached Unaudited Annual Results Announcement for the detailed results . Outlook In the 2021 financial year , AFC was aware of how uncertain of the future was . With the COVID - 19 spread , NZ boarder closure and slow recover of overseas sale , AFC was facing some challenges . However , AFC has developed a list of actions to get thought the current difficult situation , to enable future revenue growth and return value to our shareholders :