Nutritional Growth Solutions Reports Revenue Dip

Nutritional Growth Solutions Ltd. (AU:NGS) has released an update.

Nutritional Growth Solutions Ltd. reported a decrease in half-yearly revenue for the period ending June 30, 2024, citing an 18% drop from the previous year, with revenues at US$1.25 million. The company also saw a reduced loss of US$1.3 million compared to US$1.5 million in the same period last year, thanks to a strategic focus on the US market and cost-reduction efforts. Despite the challenges, the firm improved its operating loss by 31% and significantly cut corporate costs.

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