Listed consumer products company Jatcorp’s revenue grew in the fiscal first quarter thanks to the expansion of its omnichannel presence, increased production capacity and strengthened partnerships.
The Australian company’s revenue from ongoing operations rose 25 per cent year over year to $12.2 million in the three-month period ended September 30.
However, statutory revenue dipped 42 per cent to $12.2 million due to the management’s decision to focus on self-branded products and sales while discontinuing the low-margin trading business.
During the quarter, Jatcorp launched two new Moroka products and opened two new e-commerce stores on Pinduoduo and one on JD Worldwide in China.
The company also expanded its sales team to support regional growth.
“We continue to invest in advancing operations at our Anma facility and increasing production capacity to meet the rising consumer demand for functional health products and deliver the additional product required to service our growth strategy,” said Sunny Jian Xin Liang, Jatcorp CEO.
“With our expanded team and growing presence across digital and physical channels, we are well placed to accelerate growth and maximise our impact in the Asia Pacific and beyond.”
