We have just received an update from the company, detailing some positive milestones recently achieved in relation to the company's financial status (read ASX announcement here). Highlights include:
Revenue for FY16 up 557% to A$66.4m
NPAT for FY16 up 623% to A$25.1
Net assets up by A$36.35m from A$2.4m to A$38.76m
Large increase in profitability has come through expansion of the water product line and the types of FMCG products promoted – which now total 461 at the end of 2016 compared to 50 near the beginning of 2015.
