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SECOS Group Ltd ( (AU:MCO) ) has issued an announcement.
MyEco Group Ltd reported a significant rise in sales for Q2 FY25, with total sustainable product sales reaching $4.1 million, marking a 32.0% increase compared to the previous corresponding period. The growth was driven by a remarkable increase in MyEco branded sales in the USA and expanding council and waste management sales in Australia. The company has ceased trading in traditional plastics, aligning its operations entirely with sustainable solutions, which has bolstered its market position as a leader in eco-friendly packaging.
More about SECOS Group Ltd
MyEco Group Ltd is a developer and manufacturer of sustainable packaging and materials. The company focuses on producing eco-friendly products such as reusable compostable carry-bags and sustainable resins, primarily targeting global retail and council waste management markets.
YTD Price Performance: 10.0%
Average Trading Volume: 152,224
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$13.13M
For detailed information about MCO stock, go to TipRanks’ Stock Analysis page.