This came on the back of a 13% y-o-y decline in revenue to $7.3 million from $8.4 million, mainly attributable to lower local retail sales revenue as a result of closure of some outlets of Nature’s Farm during the period.
Nature’s Farm is a brand selling health supplements and other related products. However, Camsing Healthcare, the SGX-listed company that owns this franchise, is anything but healthy.
Already barely profitable for its FY2017 and FY2018 ended Jan 31, 2019, the company sank into a loss of $6.57 million for FY2019. Amid a whole litany of woes and changes at its board, the company only managed to report its FY2020 ended Jan 31, 2020 results on Feb 16 this year, with a somewhat reduced loss of $5.5 million.
