- RooLife Group (RLG) receives its first sale receipts on its sales of wool garments into China
- The company received cash receipts of sales of just over $310,000 in February, from sales of Merino & Co’s products
- It expects sales from Merino & Co to provide strong sales growth overall for the company during this quarter
- The product launch and the sales achieved were executed in cooperation with RLG strategic investor, China Cross Border Trading Group
- Shares closed 7.14 per cent lower today at 1.3 cents each
e-Commerce and digital marketing company, RooLife Group (RLG) has received its first sale receipts on its sales of wool garments into China.
The company received cash receipts of sales of just over $310,000 in February, from sales of Merino & Co’s products.
It expects sales from Merino & Co, an Australian company which produces Australian Merino wool garments, to provide strong sales growth overall for the company during this quarter.
This comes after the company reported a 304 per cent increase in sales in the last half to $8.1 million, representing 89 per cent of total revenue.
The company expects sales for the March quarter to increase between 25 and 30 per cent from the previous quarter.
The product launch and the sales achieved were executed in cooperation with RLG strategic investor, China Cross Border Trading Group.
Roolife believes the first sales receipts affirm the value of this strategic partnership.
Shares closed 7.14 per cent lower today at 1.3 cents each.