Delivra Health Brands Inc. (TSX-V:DHB) president and CEO Gord Davey tells Proactive's Stephen Gunnion that an improvement in the company's gross profit margin to 32% for the year to end-June is sustainable following its repositioning as a health and wellness company, increased penetration in the US market and an expanded e-commerce platform.
Delivra Health reported a 2.3% rise in full-year revenue to $8.14 million, while gross profit improved to $2.6 million from $1.91 million in 2021.
Apart from continued US expansion, Davey says Delivra Health will also continue to grow internationally as it adds more products and territories. E-commerce will also be a focus, he adds.