Very good summary Sherbs.....kudos.
Despite the announcement being a little confusing regarding revenue, the improvements are material. However, the one single sentence that captured my attention was...
"Our base business is in a solid position which now allows us to fast track the roll out of our new product plan, tapping into the global consumer trend towards functional/wellness foods, beverages and supplements".
This statement is significant.
This is the single biggest thing I have been banging on about over the last couple of years.
Previous management were launching new products without having a solid platform (base business) to fund expansion....this is the fastest way to send a business bankrupt.
Under the new management, the situation has now reversed with this management understanding how to run and grow a business. The old horse and cart logic....pretty simple on paper but critical for success.
The growth of the orange juice brand is the profitable platform to fund grow to the total company as it expands.
IMO, today is a milestone for the company with this one simple statement, because now, the company has built a platform that can support it's own growth.
Future ventures into china will just be the icing on the cake....
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Ann: FOD beverage & functional juice business growing at 25.9%, page-150
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