The article indicates theres real market potential for the product to contribute significantly to Advangen.
"Al Ittihad Drug Store first-quarter revenues up 28%" "The Dubai-based pharmaceutical distributor grew revenue to about Dh78 million" 28% of Dh78 mln = Dh21.84 mln = AUD9.96 mln at today FX rate
"The company’s consumer division achieved the highest rate of growth, driven by sales of products such as Fillerina" Attributing 50% of the AUD9.96 million quarterly sales increase to Fillerina equates to AUD4.98 mln
Today there are 24.13mln Aussies & 4.63mln Kiwis (28.76mln people) which is 314% the size of UAE (9.15mln people) in 2015.
If we met these very rough calculations it would equate to AUD15.65 mln quarterly sales for Fillerina alone.
CDY Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
