UK: Coburg Group reverses loss
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.
Sectors: Soft drinks
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the beer category in 2017 - Focus
- Key trends for the spirits sector in 2017 - Focus
- Key trends for the alcohol category in 2017
- Pernod Ricard's Method and Madness Irish whiskey
- Premium to counter mainstream in gin - research
- Bacardi lines up Canadian bottling plant closure
- Pernod unveils new St Patrick's Day Jameson bottle
- Asahi Group lifts 2016 sales, profits
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global gin insights - market forecasts, product innovation and consumer trends