RooLife Group Ltd (ASX:RLG) Reports 144% Revenue Increase in Q2 FY25
Financial Performance
RooLife Group Ltd (ASX:RLG) reported a 144% increase in sales revenue for Q2 FY25 compared to the prior quarter, driven by the launch of new online stores and expanded product offerings.
Key Developments
The company launched new RLG Marketplace online stores in China, Hong Kong, and Australia. Additionally, RLG Marketplace and sales partner AULife secured and delivered an initial $200,000 order for its own-brand premium Australian milk powder to JD.com, a leading Chinese e-commerce platform.
Market Expansion
RooLife developed and launched the RLG Marketplace Australian Pavilion with Reliance Retail’s JioMart in India, leveraging the Australia-India Trade Agreement which allows over 85% of Australian goods to enter India duty-free.
Profit Margins
Gross profit margins on sales have increased for the fourth consecutive quarter, improving by 65% over the period. The initial order from JD.com contributed significantly to margin improvements.
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