Forbidden Foods Ltd (AU:FFF) has released an update.
Forbidden Foods Ltd reported a significant rebound in Q4 FY24 with sales increasing by 16% over the previous year and 62% over the previous quarter, reaching $658,000. The increase is attributed to expanded production capacity and improved inventory management, which also resulted in a 50% annual reduction in net operating cash outflows. Strong sales momentum is expected to continue into FY25, bolstered by cost savings and strategic growth initiatives.
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