Apex Trader Funding - News
VITALITY ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS
TSXV Trading Symbol: VPI
VANCOUVER, BC, May 30, 2024 /CNW/ - Vitality Products Inc. (TSXV: VPI) (the "Company" or "Vitality") is pleased to report its financial results for the fourth quarter and the fiscal year ending January 31, 2024.
Sales for the three months ended January 31, 2024 of the Company's premium natural health products increased 8% to $171,704 (2023 - $159,559). The financial results of the Company for the three months ended January 31, 2024 show a net loss of $30,020 or $0.00 per share compared to a net loss of $117,694 or $0.00 per share for the same period last year. The Company's general selling expenses decreased to $29,932 (2023 - $56,378). The Company's general and administrative expenses for the three months ended January 31, 2024 decreased to $123,683 (2023 - $175,067) as consulting fees decreased to $8,598 (2023 - $39,319). The Company continues its effort to improve overall operating efficiencies while focused on expanding distribution and growing sales in Canada and the United States.
"We are pleased with the steps taken over the last year to streamline operations and are focused on steps to increase sales ...