Water bottling company improves earnings
November 12, 2015 10:58 pm
Publicly listed company, Pleass Global Limited has declared earnings before tax of $780,741 for the year up to October.
This is a 16% improvement for the water bottling company from the same period in 2014, due to sales growth and new machinery.
Company Chair Warwick Pleass says despite extraordinarily cold weather for the last six months, water sales were surprisingly strong and provided the company with revenue increases.
Pleass says he’s confident of even better returns with investment in new production equipment allowing overall production and efficiency to increase 100%.
Pleass Global has announced an interim dividend of 2 cents per share for the current year.
The company has also been approached by a strategic investor and is considering a limited private placement of shares to this party.
FNPF is the 2nd largest shareholder in Pleass Global.