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Nuchev Pty Ltd ( (AU:NUC) ) has shared an announcement.
Nuchev Pty Ltd reported significant sales growth following the launch of its Oli6® brand in Vietnam, contributing to a year-to-date sales increase of $1.1 million. The company’s acquisition of bWellness has also boosted group revenue by 215% compared to the previous corresponding period, with a notable increase in sales across the ANZ and China markets. The expansion into Vietnam and strategic partnerships in ANZ have positioned Nuchev for continued growth, with the company aiming to achieve breakeven.
More about Nuchev Pty Ltd
Nuchev Pty Ltd operates in the nutritional products industry, focusing on infant formula and wellness products. The company is known for its Oli6® brand and has expanded its market presence in Australia, New Zealand, and China, with recent entry into the Vietnamese market.
YTD Price Performance: 37.50%
Average Trading Volume: 29,030
Technical Sentiment Signal: Hold
Current Market Cap: A$24.15M
For detailed information about NUC stock, go to TipRanks’ Stock Analysis page.