RooLife Group Ltd. (AU:RLG) has released an update.
RooLife Group Ltd. reports a solid quarter with $2.87m in cash receipts and a strategic move to enhance profitability by focusing on high-margin products and its VORA range. The company has secured a $225k order from Fujian Jushi Supply Chain Management with promising gross margins and is in negotiations for further deals expected to boost net profit margins in the coming quarter. Despite a slight year-on-year revenue drop from $9.42m to $8.44m, RooLife Group is optimistic about its financial direction.
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