2018 Preliminary Report
COOKS REPORTS YEAR OF CONSOLIDATION
Cooks Global Foods (NZAX:CGF) today reports strongly improved financial performance after a year of consolidation that has set up the global Organic and Fairtrade coffee operator for its next phase of growth.
Group revenue from continuing operations for the 12 months to 31 March 2018 increased 26% to $6.73 million from $5.34 million the same time a year ago. Cooks sales of beverage products and franchise related fees show continuing strong growth in the global Esquires Coffee House network as well as a rising contribution from the branded consumer business especially Grounded responsible coffee.
Annual net losses from continuing operations halved to $1.6 million from $3.5 million in the same period a year ago, with foreign exchange gains contributing around $0.6 million of the turnaround.