By James Atkinson
Little World Beverages (LWB), brewer of Little Creatures and White Rabbit beer, anticipates its after tax profit will be up by as much as 24 per cent for the half year ended December 31.
The company predicted an after tax profit for the six-month period in the range of $5.2 million to $5.7 million, which is between 13 per cent and 24 per cent above the previous corresponding period result of $4.6 million.
LWB CEO Ross Sudano told TheShout the results demonstrate the company's continued momentum after an impressive 2010-11 performance.
He said the Little Creatures, White Rabbit and Pipsqueak brands all performed strongly, with excellent support from new and existing customers.
"With this strong support together with the efforts of a very dedicated and energetic team, the business has been able to expand its distribution footprint and subsequent market penetration during the period," the company announced to the ASX.
Sudano told TheShout LWB also attributed its recent performance to the growing appetite among consumers for full-flavoured, premium beverages.
He said Little Creatures' latest single batch beer, Big Dipper Double IPA had been well received, while demand had continued to be strong for the core Little Creatures Pale Ale, Bright Ale, Pilsner and Rogers beers.
"Each one of them is growing remarkably well and each services a slightly different market," he said.