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Australian Dairy Nutritionals Group ( (AU:AHF) ) has provided an update.
Australian Dairy Nutritionals Limited reported a net cash outflow of $641k for Q2 FY25, an improvement from previous quarters, and ended the quarter with $4.48m in cash. The company witnessed record sales of $307k in nutritional powders, driven by the initial production and sales of Nutura Organic, and is poised for further growth with the upcoming launch of the Future brand in China. This launch, supported by a partnership with Mutree Science and Technology Limited and the M2C global shopping app, is expected to enhance brand awareness and improve gross margins. Additionally, a manufacturing agreement with Nutura Organic Ltd supports capacity utilization and expands the company’s production capabilities.
More about Australian Dairy Nutritionals Group
Australian Dairy Nutritionals Limited operates in the dairy farming and nutritional powders manufacturing industry. The company focuses on producing dairy products, particularly infant formula, with a market focus on both domestic and international distribution, including partnerships for distribution in China.
YTD Price Performance: 23.33%
Average Trading Volume: 143,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €31.6M
See more data about AHF stock on TipRanks’ Stock Analysis page.
