Fitell Corporation Announces First Half-Year Financial Results
Management believes that the market will gradually recover, and the fitness and wellness industry in Australia is still promising in the long-term.
- Management believes that the market will gradually recover, and the fitness and wellness industry in Australia is still promising in the long-term.
- In the three months ended December 2023, merchandise revenue increased $103,849 or 10.9% compared to the same period in 2022.
- There were no sales of consumable products, and management plans to develop this business segment again whenever business opportunity arises.
- Cost of goods sold was $1,275,967, representing a decrease by approximately $185,478, or 12.7% from the same period in 2022.