Alexium International: Reports 55pc sales increase

Alexium International Reports 55pc sales increase

• Alexium International (AJX) reports a 55 per cent increase in sales in the October and November months, as demand for its Alexicool and Biocool bedding products increases
• The performance chemicals provider netted US$4.6 million (A$6.41 million) worth of sales revenue during the two months, continuing the strong performance from Q1 FY22
• The materials stock is expecting sales revenue to continue to grow in the second half, as people continue to buy their mattress cooling offerings
• Additionally, AJX has finalised production work on its flame retardant nylon and cotton, with the goods now being prepped for testing for use in the US military
• AlexiumInternational shares are up 8.45 per cent at 7.7 cents each