Revenue from Europe was $800,643 in FY12, $1,515,049 in FY13 and...

Revenue from Europe was $800,643 in FY12, $1,515,049 in FY13 and $2,270,097 in FY14. Considering total revenue for FY14 was $3,733,454, Europe contributed just over 60% of the revenue last FY.

At the moment, most of that revenue growth in Europe is from the ever increasing sales of Alusion. At the last AGM, the presentation suggested that there was capacity to increase Alusion sales to 100 tonnes over the next three years. My guess is that revenue for FY14 would have contained approximately 30 tonnes of Alusion sales. Considering there is a 40 tonnes take or leave arrangement, expect a further healthy increase in Alusion revenue in FY15.

Cosmetic companies in Europe are awaiting regulatory acceptance of mineral UVA/B filters which is expected to be given in calendar year 2015, we can certainly expect an increase in Zinclear sales in Europe once approval is given. The company has reported that there has already been an increase in sample and formulation requests from Europe in participation of approval being given.

It might be the Asian century, but for Antaria, it’s all about growth in Europe at this stage. Asia will have its turn in time. Feel free to correct me if you think the 30 tonnes is off the mark.