2019 Interim Report
Executive Chairman’s Report
Cooks Global Foods Limited (“Cooks”) has over the 6 months delivered strong growth in our global coffee operations as we drive towards positive cashflow and earnings.
Revenue for the 6 months to 30 September 2019 increased 32.9% to $3.9 million from $2.9 million in the same period a year ago. Revenue was supported by a 7.5% increase in constant currency network store sales from the global coffee store network to $25.9 million from $24.1 million in the same period a year ago as store numbers expanded from 100 to 114.
Net operating losses decreased to $0.6million from $1.5 million in the same period a year ago, reflecting higher revenue and lower costs associated with new initiatives to drive growth in the UK and Europe.