BIO 5.56% 51.0¢ biome australia limited

Ann: Appendix 4D & Half Yearly Report, page-2

  1. 190 Posts.
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    A perfect score card for this company

    - sales up 87%
    - loss down 29%
    - margin up to 59%!!!
    - extensive expansion of distribution channels
    - expansion of new products and range
    - fixed costs flat with only extra investment in marketing!
    - cash in bank $3.7m and no debt
    - Strong balance sheet and great current ratio

    Better than expected and with current margin and cost base it looks like we may even see profit before $7m sales

    Really can't fault BIO here. Fantastic result, so big well done from me. Not many companies delivering growth and results like this at the moment. Can't wait to see how the year plays out.
 
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