TSXV Trading Symbol: VPI
VANCOUVER, BC, Oct. 1, 2024 /CNW/ - Vitality Products Inc. (TSXV:VPI) (the "Company" or "Vitality"), a manufacturer, marketer and distributor of premium vitamins and supplements, is pleased to report its financial results for the second quarter ended July 31, 2024.
Quarter 2 Results: Strong Gross Margins and Reduced Net Loss in Q2
Year-Over-Year Financial Highlights:
Reduced Net Loss by 39%
Achieved 75% Gross Margin on Product Sales
Reduced General Selling Expenses by 57%
Reduced General and Administrative Expenses by 13%
The financial performance of the Company for the three months ended July 31, 2024 and 2023 shows a 39% reduction in net loss as the Company continues to make significant strides towards its goal of profitability on a quarterly basis. The financial results of the Company for the three months ended July 31, 2024 show a net loss of $61,995 or $0.00 per share compared to a net loss of $102,246 or $0.01 per share for the same period last year.
Sales of the Company's premium natural health products for the three months ended ...
