Holista Colltech Limited (AU:HCT) has released an update.
Holista Colltech Limited reported a mixed financial quarter with a 46% QoQ decrease in overall sales but doubled revenue in its Food Ingredients division, highlighting a successful strategy and partnership with Rex Industry Berhad. The company also achieved a 6% reduction in operating costs and maintained a healthy cash position, demonstrating a strong focus on cost control and efficiency. Despite some sales declines, growth in specific divisions and strategic partnerships are expected to bolster future performance.
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