AUS: Little World Beverages celebrates FY figures boost
Litte World Beverages has posted a strong set of results in its first year as a listed company.
The Australian niche brewer said yesterday (22 August) that, for the year to 30 June, net profits from operations came in at A$3.3m (US$2.6m) an improvement on the $2.7m posted in 2006.
Total sales reached $26.8m, up 31% from $20.5m a year earlier, while net profit was also up, by 9.4% to $2.9m from $2.7m.
"The past year has been one of the busiest yet in the development of the company and its operations," Little World said. "We have commenced a number of exciting new projects that will strengthen our position as one of Australia's leading regional brewers, while successfully maintaining our focus on producing beers that are world class."
The company said it will pay a final fully franked dividend next month of A$0.02 per share, representing 85.1% of net profit after tax for the year. This will bring the total dividend for the year to A$0.043, fully franked.
Last month, the company's CEO, Jason Marinko, announced that he was to stand down. Marinko, who is due to leave this month, had held the position for over two years.
Sectors: Beer & cider
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