The firm hit a record monthly revenue of AUD$8.5m (US$5.4m) in February and AUD$8.1m (US$5.2m) in March, it said in its Q1 financial report.

Taking the limelight is its Neurio lactoferrin milk powder offerings, which cater to infants, middle-aged adults and the elderly.

At its peak in February, the product range brought in sales of AUD$5.2m (US$3.3m), almost a five-fold jump from last February’s AUD$1.09m (US$702k).

Although sales dropped in March to AUD$2.7m (US$1.7), it was still nearly seven times higher compared to last March’s AUD$388,000 (US$250k).

The China-Australia trade specialist said that demand was particularly strong in China due to COVID-19.

“Revenue is running at record levels…We are well-placed to maintain these heightened activity levels, having invested heavily in our brands, manufacturing capabilities, distribution, and marketing,”​ MD Wilton Yao said.

It is expecting a half-year revenue of AUD$50m (US$32m) by June as well as continued growth in its dairy products for the rest of this year.

“We continue to see positive near-term growth drivers for our business, with demand stoked by global circumstances and our ability to deliver reinforced by the investments we have made over the past year,” ​Yao said.

The firm also recently received fresh funds of $5m (US$3.2m), which it said would help to develop new products, as well as increase raw material and inventory levels.