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The latest announcement is out from Noumi Limited ( (AU:NOU) ).
Noumi Limited reported a slight decline in overall revenue for Q2 FY25, with consolidated revenue down by 0.7% compared to the previous year. Despite a challenging macroeconomic environment, the company achieved positive operating cash flow and showed growth in its Plant-based Milks segment, with significant revenue increases in its Milklab brand and export sales. However, its Dairy and Nutritionals segment faced pressure from high competition and reduced export demand, although some improvement in bulk commodities was noted. The resolution of a shareholder class action lawsuit marks a significant step in addressing legacy issues, which could positively impact future operations.
More about Noumi Limited
Noumi Limited is a leading Australian FMCG company specializing in the production of dairy and plant-based milks, nutritional products, and ingredients. The company is committed to producing quality, on-trend, and responsibly made products, with a strong focus on both domestic and international markets.
YTD Price Performance: 0.0%
Average Trading Volume: 61,333
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$52.65M
For a thorough assessment of NOU stock, go to TipRanks’ Stock Analysis page.
