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| RPNRF Bullish Outlook and Financial Results via the Company Website |
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 Hot Stock to Watch |
Company: Rapid Nutrition, Plc. (OTCQB: RPNRF)
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Last:
Price: 0.23
Change (%): + 0.041 (21.69)
Volume: 3,000 |
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Rapid Nutrition Final Results
Rapid Nutrition ((RAP:SW, OTCQB: RPNRF), a natural healthcare company focused on the research, development and production of a range of life science products, is pleased to announce its audited results for the year ended 30 June 2019.
Company revenue FY19 $3.1m with $1m operating profit compared to the previous year revenue of $4.1m with $1.9m operating profit respectively. Revenue adjustment in 2019 due to timing of new sales contracts, mainly GNC and Sigma Ltd commencing in the first quarter of new financial year. Gross profit improved compared 2018 where the Company incurred higher costs as a result of exploring various listing venues.
Significantly increased SystemLS™ distribution footprint across 500 GNC stores in North America and 100 Discount Drug Stores in Australia via recent Sigma Ltd distribution agreements.
Total revenue for FY19 $3.1m of which company branded products contributed $2.3m.
Highly successful launch of GNC products (Beyond Raw®, AMP Gold™, Climb™) into Australia into 100 Discount Drug stores nationally.
Operating profit of $1m was lower due to investments made in corporate listings, brand development and growth.
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