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Deliveroo Australia spared growing loss by $20m from parent Roofoods

Michael Bailey

Deliveroo Australia received a $20.7 million support payment from its UK parent in 2017, but the food delivery start-up still made a $4.2 million loss after tax as it invested heavily in a new 'dark kitchens' business.

The 'market support income', revealed in Deliveroo Australia's calendar 2017 accounts, topped up revenue of $41.2 million and prevented it spiralling to a loss bigger than the $21.3 million after tax incurred in calendar 2016. That loss came off $11.4 million revenue.

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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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    Original URL: https://www.afr.com/technology/deliveroo-australia-spared-growing-loss-by-20m-from-parent-roofoods-20180511-h0zxo8