Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from SECOS Group Ltd ( (AU:MCO) ).
In its recent quarterly report, MyEco Group Ltd announced a significant increase in sales of its sustainable products, with total sales rising 32% from the previous year to $4.1 million in Q2 FY25. The company experienced record sales of its MyEco branded products, particularly in the USA, contributing to a boost in gross margins to 26.3%. Despite negative net operating cash flows, the company is undergoing strategic repositioning and anticipates continued growth in the second half of FY25, positioning itself strongly in the sustainable packaging industry.
More about SECOS Group Ltd
MyEco Group Ltd is a developer and manufacturer of sustainable packaging and materials, focusing on environmentally friendly products like reusable compostable carry-bags and sustainable resins. The company targets a global market with a strong presence in Australia and the USA.
YTD Price Performance: -20.0%
Average Trading Volume: 163,446
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$9.55M
Find detailed analytics on MCO stock on TipRanks’ Stock Analysis page.
