Me Today‘s net loss narrowed despite lower sales in the last fiscal year.
The skincare retailer’s attributable net loss stood at $11.3 million while revenue plunged 36.2 per cent to $5 million.
New Zealand revenue plummeted 53.3 per cent to $3 million, and US revenue surged 63.8 per cent to $1.9 million. Europe revenue fell 51.1 per cent to $128,000.
The company said that New Zealand continues to be significant in its strategy.
In October, Me Today will add 14 products across different formats in New Zealand pharmacies after launching seven new premium supplements in the last fiscal year.
Outside New Zealand, it intends to focus on Greater China, Southeast Asia, the US, and Australia.
Meanwhile, Me Today said it is in talks with one interested party over the potential sale of its King Honey business, which the company hopes to finalise within the coming months.
