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Article: Another first for Charlie's
- Article from:
- Sunday Star-Times
- Article date:
- December 2, 2007
- Author:
CopyrightCopyright 2007 Sunday Star-Times. Provided by ProQuest LLC. (Hide copyright information)
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JUICE AND soft drinks company Charlie's Group had a very upbeat
message for shareholders at its annual meeting last month in that it
expects sales to double between now and 2010.
The company, which listed in July 2005 through the shell of
former unsuccessful mining prospector-cum-dot.com wreck Spectrum
Resources, failed to meet its forecast of a $1 million profit for
the year ended June.
But the reason for that is obvious: the company also grew much
faster than forecast too. Rather than the forecast $16.2 million
sales for the year, it reported $24.1 million in sales.
The $33,000 net profit it reported has the distinction of being
the first annual net profit in the company's long history ...