MyEco Group's (ASX:MCO) total sales of sustainable products declined 10% year on year to AU$3.9 million in the fiscal third quarter ended March, according to a Monday filing with the Australian bourse.
The decline was attributed to the timing of shipping departures, which led to AU$400,000 of white label orders being delayed to April instead of March, per the filing. The company also logged lower resin and council sales.
Sales as of March 31 rose more than 10% year on year on a continuing operations basis, the filing stated.
The company, which makes sustainable packaging materials, still expects fiscal second-half group sales to increase from the prior six-month period.
MyEco Group's shares fell 11% in recent trade.
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