Wellfully Limited Reports Financial Changes and Growth

Wellfully Limited (AU:WFL) has released an update.

Wellfully Limited, a beauty and healthcare brand, reported a 27.01% decrease in revenues and a 21.23% reduction in losses after tax in their latest financial year ending 30 June 2023. The company, under administration, highlighted a transition to a two-vertical operation with the addition of their healthcare brand Swisswell, and completed a successful funding round in March 2023. Despite a disclaimer of opinion from auditors due to incomplete records, Wellfully is moving forward with development and marketing initiatives, including a new product launch and expansion into the healthcare sector.

For further insights into AU:WFL stock, check out TipRanks’ Stock Analysis page.