Holista Colltech Optimistic Despite Revenue Dip

Holista Colltech Limited (AU:HCT) has released an update.

Holista Colltech Limited has reported a 15.6% revenue decline in the first half of FY2024, despite successful cost management leading to a 24% reduction in net loss before tax. The company’s food ingredients division saw an increase in sales, largely due to a new agreement with Rex Industry Berhad, while efforts are underway to launch new health-focused products, including a ‘sugar-free’ premix for beverages. Holista remains optimistic for future growth with stronger cost controls, currency advantages, and upcoming innovative products.

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