tiprankstipranks
Wellfully Limited Reports Financial Changes and Growth
Company Announcements

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.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!