Profit in the year ending 30 June will be $2.2m to $2.5m, up from $1.3m in 2010, the Auckland based company said in a statement. The numbers exclude a one-time gain from the sale of property. Gross sales would climb to between $48m and $50m, from $34.3m last year.
“These latest trading results are a reflection of the rapid growth we are currently experiencing in Australia, particularly in the grocery channel and show a reflection of the significant step change the business has undergone due to gaining key listings in the Coles supermarket chain,” said chief executive Stefan Lepionka.
Sales in the third quarter jumped 48% to $15.3m, the company said. Charlie’s first-half profit soared 56% after it won distribution through Coles. This month the company announced a similar deal with Woolworths Ltd, Australia’s biggest retailer.
Source: NZ News UK
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