Biome Australia Ltd (AU:BIO) has released an update.
Biome Australia Ltd has reported a significant 79.8% increase in revenues to $13,008,897 for the fiscal year ending June 2024, coupled with a 45.7% reduction in net losses to $(1,670,202). The company’s growth has been bolstered by an expanded distribution network, now exceeding 5,000 points, and the strong performance of its probiotics range, Activated Probiotics®, which is now the fastest-growing brand in its category in Australia. Furthermore, the company has successfully entered the UK and Ireland markets and is preparing to launch a new cholesterol-reducing probiotic product.
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