OptiBiotix Health sales rise in first quarter

Writer,

Dietary supplements group OptiBiotix Health said its revenue jumped in the first quarter, putting its operating divisions on track to be profitable in the current year. Total invoiced sales of the company's LPLDL and SlimBiome products as ingredient or final product were £408k, compared to £40k on-year.

That did not include about £60k worth of LPLDL that was invoiced and part paid in 2019.

'We are pleased that these preliminary revenue figures show that divisions are making progress against their aim of being profitable this year with the Functional Fibres division led by Dr Fred Narbel reporting a profit during this period,' OptiBiotix said.

'Each division now reports weekly invoiced sales and a sales prospect pipeline which provides a real time assessment of commercial progress.'

'Progress is variable across each division and we will be working with all divisions to support them in the aim of each division reaching profitability this year.'

At 10:05am: (LON:OPTI) Optibiotix Health Plc share price was +2.5p at 57p


Related content

OptiBiotix Health inks Asia Pacific distribution pact with Actial Farmaceutica

Dietary supplements group OptiBiotix Health said its ProBiotix subsidiary had entered into a non-exclusive distribution agreement with Itlay's Actial Farmaceutica.

The agreement was for the...

Wed, 01/07/2020 - 07:59


OptiBiotix Health inks UK distribution pact with Cambridge Commodities

Dietary supplements group OptiBiotix Health said subsidiary ProBiotix had entered into a non-exclusive distribution agreement with Cambridge Commodities.

The pact was for the sale of...

Mon, 01/06/2020 - 09:59


OptiBiotix Health to launch slimming gummies in US

Dietary supplements group OptiBiotix Health said it would launch fibre gummies containing its weight loss product in the US as part of a new non-exclusive...

Wed, 20/05/2020 - 09:27


OptiBiotix Health inks Taiwan distribution pact with Maxcare

Dietary supplements group OptiBiotix Health said it had entered into a distribution agreement with Taipei-based Maxcare.

The pact granted Macare exclusive rights to commercialise OptiBiotix's...

Mon, 11/05/2020 - 09:35


OptiBiotix Health inks distribution pact with Singapore's Pierce Group Asia

Dietary supplements group OptiBiotix Health said it had entered into a three-year distribution agreement with Singapore's Pierce Group Asia.

The agreement granted Pierce exclusive rights...

Tue, 05/05/2020 - 07:29