Full Year 2022 Ecofibre Ltd Earnings Call Transcript

Aug 22, 2022 / 12:30AM GMT
Eric Wang - Ecofibre Limited - CEO & MD

Thank you, and welcome, everybody, to our full year '22 results and just to reiterate what the moderator had mentioned is that if you have questions, please feel free to type them in. It's bit of an upgrade from what we did last time, which people weren't able to ask questions. So, overall, we're going to have the same agenda as typically have with [an overview] by myself, the financial result, a little more detail, our strategy, and our outlook.

For this year, the past 12 months has been the challenging environment as we know, but we've had small revenue growth in difficult trading conditions. Our revenue went up about 5%. And pleasingly, Hemp Black and Ananda Food both had strong growth in our divisions and then Ananda Health overall had a 9% decrease. However, our core pharmacy channel increased by 13%, and I'll go into a bit more detail on that shortly.

The margins this year were impacted pretty heavily by supply chain and business disruption. I wonder our businesses, Hemp Black, one of our core lines, which is a turf line, experienced very

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