Rapid Nutrition PLC (“Rapid Nutrition”or the “Group”) Trading Update

November 27, 2016

London, United Kingdom - Rapid Nutrition, a natural healthcare company focused on the research, development and production of a range of life science products. The company was established based on its successful and proven weight loss supplement range which is exported worldwide and now offers consumers a growing range of health and well-being solutions to meet existing and emerging societal health concerns, as well as a providing number of wider services to the life sciences industry.

 

Trading Performance

 

The Board is pleased to announce that it expects to announce an increase in net profit resulting in a 90% increase on last years net profits against revenues of approximately AUD $3.2 million.  The Group has maintained a robust financial position with little external debt and a strong cash position placing it in good stead as it works towards its public listing.

 

 

Key Operational Developments

 

The enhanced business model has enabled Rapid Nutrition to significantly expand its international distribution and retail network and provides a platform for future growth and strong financial performance. As at 30 June 2016, the Company has in excess of 7,000 retail points (FY2015: 200) in all major regions around the world. In the period under review, the Company secured the following key contracts:

 

  • In July 2016, extended SystemLS product lines across 576 of Woolworth Stores (FY2015: 12 stores) throughout Australia.

  • In Asia, the Company secured a distribution agreement with InterGest China and Shanghai LSLI, representing brands known for their premium quality, as well as further extending its China footprint with the successful launch of its products through Woolworths global Tmall site, Taobao and multiple other well established online stores.

  • The company’s USA presence continues to grow with wholefood retails china Tunies and Earth Origins some of the new accounts coming on board and support by the companies new national sales team servicing over 7,000 stores nationwide.

  • Rapid Nutrition secured a distribution partnership with Sportika, one of the largest international distribution fulfillment facilities in the United States serving 140-plus countries.  The partnership is expected to add significant revenue to Rapid Nutrition’s core brands. 

 

The Board is pleased with the progress and looks forward to discussing this further at the time of its final results expected to be at the end of November.   

 

 

About Rapid Nutrition:

Rapid Nutrition, a natural healthcare company focused on the research, development and production of a range of life science products. The company was established based on its successful and proven weight loss supplement range which is exported worldwide and now offers consumers a growing range of health and well-being solutions to meet existing and emerging societal health concerns, as well as a providing number of wider services to the life sciences industry. For more information, please visit http://www.rnplc.com/

Please reload

Featured Posts