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Rayont Inc. (RAYT) reported its financial results for the nine months ending June 30, 2021, showcasing significant growth. Revenues reached $2.24 million, up from $1.27 million in 2020. Gross profit increased to $1.26 million, compared to $379,544 last year. The total assets rose to $7.16 million, while total liabilities decreased to $3.43 million, resulting in a healthier debt ratio of 48%. The company outlined strategic plans for expansion, including increased production capacity and a focus on telehealth initiatives.
Rayont Inc. (RAYT) reported financial results for the six months ending March 31, 2021, showing revenues of $1,409,542 compared to $844,682 in the same period last year. The net income increased to $792,054 from $357,064. The company also appointed new leadership, including Reyad Fezzani as Chairperson and Aleem Sheikh as CEO, aiming to strengthen corporate governance. Despite a decrease in cash reserves to $79,412, total assets improved to $5,480,081, with total liabilities reduced to $1,605,757.
Rayont Inc. (RAYT) has appointed Mrs. Leilani Latimer as Non-Executive Director, aimed at enhancing its business growth in the healthcare sector. With extensive experience in scaling businesses and expertise in B2B SaaS, Latimer is expected to contribute significantly to Rayont's expansion plans. She holds key roles in various tech companies and has a strong background in marketing and commercial operations. This management shift aligns with Rayont's strategy to develop alternative medicine products and improve efficiency through digitalization.
Rayont Inc. (OTC PINK: RAYT) has appointed Mr. Reyad Fezzani as non-executive director and chairman of its Board of Directors. Fezzani, who brings over 30 years of experience in Energy, Finance, and Technology, previously held roles as CEO at BP Wind and Solar and BP Chemicals. President and CEO, Marshini Thulkanam, expressed confidence in Fezzani’s expertise to support strategic priorities and enhance shareholder value. Rayont is focused on the manufacturing of alternative medicine products and has invested in cancer treatment technology for Sub-Saharan Africa.
Rayont Inc. (RAYT), a growing private equity firm, reported its financial results for Q4 2020, ending December 31. The company generated $457,865 in revenue, an increase from $401,316 in Q4 2019. Net income rose to $146,526, recovering from a net loss of $(276,864) in the prior year. Notable acquisitions include Prema Life Pty Ltd and GGLG Properties Pty Ltd, enhancing production capacity and service offerings. The balance sheet improved, with total assets rising to $4,376,008 and liabilities decreasing to $785,135.
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