Coburg, the coffee company, has turned H1 to October 2003 into profit from a loss in the year-earlier period. The company today posted a pre-tax profit of £4,000 (US$7,300) for the six months to October 2003, compared to a loss of £24,000 year-on-year.

Sales climbed to £1.2m from £865,000, while retained profit reached £5,000 compared to a loss of £25,000 year-on-year.

The company credited the success to significant contributions from last year's acquisitions of Ashby's and Rizzi. Coburg plans to establish the 'Langdons' brand through further investment as a premium beverage name.

The company also said that it used some of the £320,000 proceeds from a placing in December 2003 to invest in its factory in Woolwich, near London.

No interim dividend is planned.