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The latest announcement is out from SECOS Group Ltd ( (AU:MCO) ).
MyEco Group Ltd reported a strong performance in FY25 with total sales of sustainable products reaching $15.7 million, an 8.6% increase from the previous year. The company’s MyEco® product line saw significant growth, particularly in Australia and the USA, despite challenges in the resin market. The company is undergoing an operational restructure to achieve cost savings and aims to maintain positive EBITDA in the medium term, reflecting its strategic focus on enhancing market presence and product innovation.
More about SECOS Group Ltd
MyEco Group Ltd is a leading developer and manufacturer of sustainable packaging and materials, focusing on compostable products such as bin liners and kitchen caddies. The company holds significant market shares in major Australian retailers like Coles and Woolworths and is expanding its presence with innovative biopolymer technology.
Average Trading Volume: 255,123
Technical Sentiment Signal: Sell
Current Market Cap: A$9.02M
Learn more about MCO stock on TipRanks’ Stock Analysis page.