Morning Traders Wednesday 21st September, page-12

CLV

Clover records strong results
 Sales revenue in FY2016 was $42.9m (2015: $29.9m) an increase of 43%
 Net Profit After Tax in FY2016 was $2.2m (2015: $0.1m) an increase of 2213%
 Global market recovery in infant formula
 Strong new customer growth with Clover’s proprietary products driving demand
 Balance Sheet remains strong with cash at $8.2m
 New Zealand manufacturing facility has started production attracting new customers
 Clover declares a fully franked final dividend of 0.50 cent per share