Bon Natural Life’s Assets Grow Amid Revenue Dip
Company Announcements

Bon Natural Life’s Assets Grow Amid Revenue Dip

Bon Natural Life (BON) has released an update.

Bon Natural Life Limited reports a significant increase in its total assets, rising from approximately $46.56 million to $50.08 million in the half-year period ending March 31, 2024. However, the company’s revenue has seen a decline from $14.15 million to $10.18 million, with a net loss of $41,798, a stark contrast to the net income of $2.10 million in the previous year. The balance sheet shows a strengthening financial position with higher cash and advance to suppliers, despite the downturn in profitability.

For further insights into BON stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBon Natural Life Strengthens Board with New Appointment
TipRanks Auto-Generated NewsdeskBon Natural Life Subsidiary Asset Sale Agreement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App