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The latest announcement is out from SECOS Group Ltd ( (AU:MCO) ).
MyEco Group Ltd reported an 8.6% increase in total sales of sustainable products for FY25, amounting to $15.7 million. This growth was driven by a significant rise in global sales of MyEco® products, which saw an 81.8% increase, and strong performance in the Australian and US markets. The company also announced a strategic operational restructure aimed at achieving $2.5 million in fixed cost savings in FY26, as it continues to focus on delivering positive EBITDA in the medium term. The decision to prioritize MyEco® products over resin sales reflects the company’s strategy to capitalize on its leadership in the sustainable packaging market.
More about SECOS Group Ltd
MyEco Group Ltd is a leading developer and manufacturer of sustainable packaging and materials. The company focuses on producing compostable products, including bin liners and kitchen caddies, and holds significant market shares in major Australian retailers such as Coles and Woolworths. MyEco Group is committed to innovation in biopolymer technology to enhance its product offerings and market presence.
Average Trading Volume: 261,093
Technical Sentiment Signal: Sell
Current Market Cap: A$8.42M
Find detailed analytics on MCO stock on TipRanks’ Stock Analysis page.