Clover Corporation Limited ( (AU:CLV) ) just unveiled an update.
Clover Corporation Limited has reported a significant financial turnaround for the first half of FY25, with revenue increasing by 38% to $37.6 million and a net profit after tax of $2.4 million, compared to a loss in the previous period. The company’s strategic initiatives in product mix optimization and manufacturing efficiencies have improved gross margins and EBITDA, while new distributor partnerships in North America, Asia, and Europe are enhancing market reach. The commencement of crude oil deliveries from Ecuador and investments in fish oil sourcing are expected to secure raw materials and provide strategic benefits, positioning Clover for sustainable growth.
More about Clover Corporation Limited
Clover Corporation Limited is a leading provider of innovative nutritional ingredients, focusing on the global food and infant formula markets. The company is committed to innovation, offering non-allergenic and plant-based powders, and is expanding into DHA applications across various sectors including pet food, nutraceuticals, sports nutrition, and adult nutrition.
YTD Price Performance: -21.11%
Average Trading Volume: 87,268
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$58.45M
Learn more about CLV stock on TipRanks’ Stock Analysis page.