Melodiol Global Health (AU:ME1) has released an update.
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Melodiol Global Health has reported a robust financial performance with H1 FY24 revenues soaring by 33% to $9.3 million, following a record previous fiscal year of $21.6 million, marking a 148% increase. The growth is largely attributed to its subsidiaries Mernova Medicinal and Health House International, contributing significantly to the revenue stream. The company is also pursuing cost reduction strategies and exploring additional capital avenues, including asset sales, to further strengthen its financial position.
For further insights into AU:ME1 stock, check out TipRanks’ Stock Analysis page.
