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| RPNRF CEO Details Impressive Growth Driven by 'myriad of distribution agreements announced this year' |
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 Hot Stock to Watch |
Company: Rapid Nutrition, Plc. (OTCQB: RPNRF)
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Last:
Price: 0.3389
Change (%): - 0.0011 (0.32)
Volume: 300 |
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Rapid Nutrition Announces Shareholder Update
LONDON UK, October 2, 2019 – Rapid Nutrition PLC (OTCQB: RPNRF) (“Company”), a natural healthcare company focused on the research, development and production of a range of life science products, provided today an update to shareholders focusing on operational results in advance of its fiscal year-end for 2019.
Rapid Nutrition CEO, Simon St. Ledger, stated, “We are pleased to announce the Company continues to reach its growth milestones driven largely by the myriad of distribution agreements announced this year. The resulting expectations for the next twelve months are quite encouraging as we continue to execute our growth initiatives in tandem with our commitment to building long-term shareholder value”.
Revenue and profit before tax for FY2019 is anticipated to be in line with expectations at approximately $3.1M and $1.M respectively. Gross margins are expected to remain steady as a result of our strong focus on stock and supply chain optimization.
The historical growth in profit since our inception reflects the agility of our business model, which enables us to scale our stable of brands without incurring corresponding increases in overheads.
All our brands are performing well and delivering both revenue and profit growth. SystemLS in particular contributed strongly, driven by expanded distribution through legacy brands GNC and Mr. Vitamin, resulting in the Companys strengthened balance sheet.
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