Tianmei IPO, page-118

FYI - Just received an email from OnMarket

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.