Reporting Season Round Up: Leading the charge on the ASX was an $8m honey-based product exporter
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Of all the ASX stocks releasing quarterlies or general financial updates this morning, honey and honey-based product exporter Eve Investments (ASX:EVE) impressed the most.
This microcap stock rose as much as 60% in early trade.
It sells a variety of health and wellness products but one of these is its Meluka brand which sells organic honey and tea tree essential oil and probiotic concentrate drinks.
EVE Investments told shareholders Meluka achieved a 175% increase in sales in the last 6 months and 66% in the last quarter – and that’s just in Australia. In the USA, it has grown sales by over 200% in the past quarter alone.
The company boasted that it was one of the few ASX stocks exposed to the global probiotics beverage industry.
EVE said probiotics is now a US$61.1 billion market. It’s also expected to grow by another US$30 billion over the next 5 years.
Also this morning, EVE announced it was expanding its product range and formed a collaboration agreement with probiotics company Probiotics Australia to produce a new range of strains derived from Meluka’s beehives.
This large cap is in the supply chain logistics trade as a provider of reusable pallets, crates and containers.
Brambles reported US$1.292 billion of sales revenue for the September quarter — an 11% increase from the prior corresponding period.
While all markets recorded higher growth, Asia-Pacific slightly edged out the Americas and EMEA (Europe, Middle East and Africa) which the company put down to increased at home consumption driven by COVID-19 lockdowns.
This company is a real estate investment trust (REIT) which specialises in regional retail assets.
During the September quarter the company reported sales volatility amongst its tenants in Victoria and New South Wales but the rest of Australia held firm and it expected Victoria and New South Wales to rebound quickly.
The company bought 2 new centres during the quarter and this month has agreed to buy a further 4 assets in deals expected to close in late November.
Dexus is another REIT but it specialises in office assets particularly in major cities.
Despite lockdowns in Sydney and Melbourne its occupancy remained above 95% and leasing activity continued.
The company reiterated its guidance of delivering distribution per security growth of at least 2% for this financial year.
SIS has the SimbleHome app, which is an energy price comparator.
It also operates a platform called CarbonView, which helps companies measure and report their sustainability performance and metrics — specifically in relation to carbon emissions.
Simble said Annual Recurring Revenue (ARR) in its energy division rose by 10% across Australia and the UK. On a company-wide basis it only grew 3.7%, as total ARR for the year came in at $1.17 million.