A2 Corporation made a $717,000 loss in the six months to December.
That compares to a loss of $1.99 million for the six months to September 2008. Revenue fell 40% to $249,000.
Chairman Cliff Cook says the focus on the underlying cost structure at the listed milk company has further reduced overheads.
He says development of a strategic business plan has positioned the company for geographical expansion and financial growth.