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Fiji Kava Limited ( (AU:CCO) ) has issued an announcement.
Fiji Kava Limited reported a significant increase in revenue for the first half of FY25, with sales tripling compared to the previous year. Despite a net loss of $2.35 million due to substantial marketing investments, the company achieved $4.36 million in sales, surpassing the entire previous fiscal year’s sales. The company’s evolving global omnichannel sales model and entry into higher-margin USA RTD formats are expected to support ongoing improvements in gross margins and cost reductions.
More about Fiji Kava Limited
Fiji Kava Limited operates in the wellness industry, focusing on providing calming solutions through kava-based products. The company is expanding its market presence with a focus on the USA Ready-to-Drink (RTD) market, aiming to enhance brand awareness and develop new products.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.26M
Learn more about CCO stock on TipRanks’ Stock Analysis page.