Food Revolution Group Ltd. (AU:OJC) has released an update.
Food Revolution Group’s Original Juice Co. Ltd reported a record Q4 gross revenue of $17.3m, marking a 17.3% increase from the previous year, despite facing significant challenges such as a 50% rise in citrus fruit costs. The company achieved growth through strategic pricing adjustments and diversification of its product range, and anticipates continued improvement in profitability and cash flow into FY25. Efforts to stabilize the supply and costs, including a move towards non-citrus products and increased contracted fruit, have been implemented to future-proof the business.
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