MyEco Group's Sustainable Product Sales Surge 32% in Fiscal Q2; Shares Up 9%

MT Newswires Live

Jan 13, 2025

MyEco Group (ASX:MCO) said total sales of its sustainable products climbed 32% year on year to AU$4.1 million in the second quarter of fiscal 2025, according to a Monday filing with the Australian bourse.

Compared with the prior quarter, sales were up nearly 11%.

The packaging and materials manufacturer attributed the increase to record MyEco branded global sales, which surged almost 156% year on year to AU$1.6 million.

The council and waste management segment also contributed, with sales up over 55% to AU$1.3 million.

Sustainable resin sales fell 42% to AU$500,000, while sustainable film sales declined 9.2% to AU$200,000.

MyEco Group expects to grow overall group sales in the second half of the current fiscal year.

The company's shares were up more than 9% in recent Monday trade.

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