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ECS Botanics in Australia reports document first-half cannabis income of AU$ 1.2 million.

Australia money cash currency

ECS Botanics Holdings, an Australian-based company, reported rewarding businesses for the six month ended December 31, 2023, citing higher medical cannabis sales.

According to a news release, the company’s net profit after tax ( NPAT ) for the first six months of the fiscal year totaled 1.2 million Australian dollars ($ 780,00 )– a significant improvement from the AU$ 1.4 million loss from the same period the year before.

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Profit increased by 66 % to AU$ 11.33 million, an increase from AU$ 6.8 million during the same time.

$ 400, 000 in free cash flow was generated.

The company stated in the release that the company’s accelerated progress charge was due to significant increases in local and international agreement terms.

ECS is then able to see the advantages of our capital-light business concept and our potential.

Read the full content on Marijuana Business Daily.

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