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First Graphene hails industry advisors as catalyst for 111% increase in revenue for the FY

First Graphene hails industry advisors as catalyst for 111% increase in revenue for the FY

First Graphene Ltd (ASX:FGR, OTCQB:FGPHF) CEO Mike Bell joins Proactive’s Andrew Scott to highlight the company’s record revenue for the June quarter of $359,000. This bumped FGR’s total annual revenue up 111% to $723,000, generated mainly by strong growth in sales over the year for First Graphene’s cement/concrete and composites/plastics product streams. The company points to its use of industry experts as advisors as a core component of its success in the financial year, which allowed the company to better leverage and target its products for the right market sectors. First Graphene is also beginning the process of commercialising its energy storage offering, having signed a joint development agreement with Australia-based Greatcell Energy Ltd to develop low-cost graphene-enhanced solar cells.

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