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The latest update is out from Wellnex Life Ltd ( (AU:WNX) ).
Wellnex Life Limited reported a significant revenue increase of 111.4% to $11.96 million for the half-year ended December 2024, driven by strategic investments in trade spend to boost distribution and sales. Despite a reduced loss of $7.52 million, the company faced one-off costs related to share-based payments and dual listing preparations. Wellnex plans a dual listing on the London Stock Exchange to raise $14.3 million, which will strengthen its financial position and support future growth initiatives.
More about Wellnex Life Ltd
Wellnex Life Limited operates in the health and wellness industry, focusing on brand sales and intellectual property (IP) licensing. The company is involved in the global rollout of the Haleon arrangement, aiming to enhance its market presence and revenue growth.
YTD Price Performance: 5.00%
Average Trading Volume: 220
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €26.35M
For an in-depth examination of WNX stock, go to TipRanks’ Stock Analysis page.