Australian Nutrition & Sports Ltd. Stock Analysis AN1.AX

Australian Nutrition and Sports Limited (ANS) is an Australia-based company, which is engaged in providing healthy and nutritional products. The Company is primarily engaged in development and sale of infant formula, dried dairy products, vitamins and protein supplements. The Company develops its own product formulations but does not manufacture any of its products. It outsources the production of its products to various Australian third-party producers. The third-party manufacturers used by ANS includes OmniBlend, which is a producer of ANS ready to drink protein shakes; Sun Health foods is the producer of ANS protein bars; Maltra Foods, which is the producer of ANS protein powder products, and Nature One Dairy, which is engaged in producing of ANS milk formula products. The Company provides its products under three categories: wellness, athlete and infant.