Forbidden Foods Ltd ( (AU:FFF) ) has shared an update.
Forbidden Foods Limited reported an 18.5% increase in revenue for the half-year ended 31 December 2024, reaching $1,733,741. Despite this growth, the company recorded a loss of $899,687, a 17.1% improvement from the previous period. The acquisition of Good Oats Pty Ltd signifies a strategic expansion into the plant-based milk sector, potentially enhancing the company’s market positioning and product portfolio.
More about Forbidden Foods Ltd
Forbidden Foods Limited operates in the food industry, focusing on innovative food products. The company is known for its diverse range of offerings, including plant-based and health-oriented food products, and has recently expanded its market presence by acquiring Good Oats Pty Ltd, which operates under the brand Oat Milk Goodness (‘OMG’).
Average Trading Volume: 1,651,108
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.41M
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