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Fiji Kava: Increases revenue by 94pc in December quarter

  • Fiji Kava (FIJ) has recorded some strong results in its December quarterly report, including a 94 percent increase in revenue
  • The noble kava producer brought in over $319,000 over the three month period, compared to $164,000 during the September quarter
  • Activities wise, the company successfully completed its first order with PuMate, marking its entry into the Chinese market
  • It also signed a deal with Yuan Long Yato to potentially market and distribute more products in the region
  • Additionally, Fiji recorded sales growth for its different kava products sold within Coles Supermarkets (COL)
  • Fiji Kava ended Q2 FY21 with $3.37 million worth of cash in the bank
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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