Business
IFBH: Revenue up 11.9%, net profit down 31.7%, strong if brand growth, IPO boosts cash, China focus
IFBH: Revenue up 11.9%, net profit down 31.7%, strong if brand growth, IPO boosts cash, China focus
About this update from Ifbh Ltd.
Revenue rose 11.9% to US$176.4M, led by the if brand, but net profit fell 31.7% to US$22.8M due to listing fees and Innococo's operational issues. IPO proceeds boosted cash reserves, and the company is expanding in China and internationally, with strong growth expected in coconut water markets.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.