Charlie's Group, the juice maker that counts Australia's biggest supermarket chains as customers, said full-year profit may almost double on sales across the Tasman.
Profit in the year ending June 30 will be $2.2 million to $2.5 million, up from $1.3 million in 2010, the Auckland-based company said in a
statement.
The numbers exclude a one-time gain from the sale of property.
Gross sales would climb to between $48 million and $50 million, from $34.3million last year.
"These latest trading results are a reflection of the rapid growth we are currently experiencing in Australia, particularly in the grocery channel and show a reflection of the significant step change the business has undergone due to gaining key listings in Coles a major supermarket chain," said chief executive Stefan Lepionka.
Sales in the third quarter jumped 48 per cent to $15.3 million, the company said today.
Charlie's first-half profit soared 56 per cent after it won distribution through Coles.
This month the company announced a similar deal with Woolworths, Australia's biggest retailer.
Shares of Charlie's have soared about 200 per cent in the past 12 months.
The stock was unchanged at 27 cents yesterday.
