Biome Australia Ltd (AU:BIO) has released an update.
Biome Australia Limited has reported a significant 79.8% increase in revenues, reaching $13,008,897 for the fiscal year ended June 30, 2024, while reducing its after-tax loss by 45.7% to $1,670,202. The company’s growth was fueled by the expansion of its distribution network to over 5,000 points and a successful market entry into the UK and Ireland. Despite not declaring dividends and a slight decrease in net assets, the company’s Activated Probiotics brand emerged as the highest growth brand in Australia.
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