Rare Foods Australia Sees Record Growth in FY24

Rare Foods Australia Limited (AU:RFA) has released an update.

Rare Foods Australia Limited has reported substantial growth in FY24, with record processing volumes of 98 tonnes, a 22% increase over the previous fiscal year, and strong abalone sales including a significant portion of certified wild caught Greenlip. The company has also reduced sales costs by $110k annually due to sales system improvements and secured $2M in post-quarter funding to support its growth strategy. Additionally, a new agreement to process live abalone in Perth aims to meet increasing overseas demand.

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