Sluggish first nine months for Charlie's

Drinks company Charlie's has posted a net loss of $140,000 for the nine months to December 31, in its first reporting season as a listed company.

The company said it expected to "at least break even" for the 15 months to June 30.

No dividend was declared for the interim period.

Charlie's posted operating revenue of $8.05 million, up 34 per cent on the unaudited figures for the same period in 2004.

The results for the nine months include 5.5 months of returns from Spectrum Resources and one month from Phoenix Organics.