Clover Corporation Sees Strong H2 Rebound

Clover Corporation Limited (AU:CLV) has released an update.

Clover Corporation Limited, renowned for its innovative nutritional ingredients, has reported a rebound in the latter half of the fiscal year 2024 with a net profit after tax of $1.5m and a 28% increase in revenue over the first half. The company successfully opened its fish oil extraction facility in Ecuador, enhancing vertical integration and cost management, and is set to enter new markets with its patented powdered Choline product. Despite initial challenges, Clover projects a promising future with diversified applications of its products and has declared a dividend of 0.75 cent per share.

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