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An update from RooLife Group Ltd. ( (AU:RLG) ) is now available.
RooLife Group Ltd. reported a significant increase in sales revenue by 144% in Q2 FY2025, driven by the launch of new online marketplaces. The company is focusing on higher-margin products, which has led to an improvement in gross profit margin for four consecutive quarters. Investments in expanding their platform and product development are expected to yield future benefits. Despite increased cash receipts, higher product and operating costs have resulted in a net cash outflow from operating activities.
More about RooLife Group Ltd.
RooLife Group Ltd. operates in the e-commerce industry, primarily focusing on online marketplaces that sell a variety of products. The company is expanding its global presence with new online stores in key markets such as China, Hong Kong, Australia, and India.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.78M
For detailed information about RLG stock, go to TipRanks’ Stock Analysis page.
