Holista Colltech Limited (AU:HCT) has released an update.
Holista Colltech Limited reports a positive turnaround with an 18% increase in sales to $1.7M in the first quarter of FY24, driven by a surge in Dietary Supplements revenue. Operating costs have simultaneously decreased by 6%, reflecting effective cost management and easing inflation. The company anticipates further recovery in its Food Ingredients and Ovine Collagen divisions, bolstered by new sales agreements and product launches.
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