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General Business
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Snowball Effect's loss down 456% on last year's profit

Auditor highlights material uncertainty casting doubt on the company’s ability to continue as a going concern.

Equity crowdfunding platform Snowball Effect’s annual loss has widened 456% from a profit the previous year, and auditors have put up a red flag.

Snowball made an after-tax loss of $44,099 over the year to March 31, down from a profit of $12,404 the year before.

The company’s revenue was

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Calida Stuart-Menteath Mon, 13 Aug 2018
Contact the Writer: calida@nbr.co.nz
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Snowball Effect's loss down 456% on last year's profit
General Business,
76036
true