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.
Calida Stuart-Menteath
Mon, 13 Aug 2018
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
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