Noumi Limited Reports Solid Growth Amidst Challenges

Noumi Limited (AU:NOU) has released an update.

Noumi Limited reported a strong financial performance in Q3 FY24, with consolidated revenue increasing by 5.6% to $137.5 million, driven by a significant 12.5% rise in plant-based milk sales. Despite the positive trend, the company remains cautious about the Australian economy and consumer spending. The company also continues to manage challenges in global dairy prices affecting exports, while maintaining a solid cash position of $24.7 million with additional undrawn facilities.

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