Client NewsEast Imperial PLC: Full Year Results
East Imperial, the global purveyor of ultra-premium beverages, today announces audited full-year results for the year ended 2021 and a strong start to 2022 in line with the Company’s expansion plans.
● Admission to trading on the London Stock Exchange on 19 July 2021, raising £3m to fund the expansion of the Company and capitalise on the increasing demand across the ultra-premium beverage market.
● Sales up 62% over the year to £2.8 million driven by the lifting of Covid-19 restrictions in the second half of 2021 across key markets as well as growth in off-trade and Direct to Consumer (DTC).
● Strong balance sheet and cash to fund further expansion through 2022. Net cash of £0.3 million as of 31 December 2021 and £2.2 million as of 31 March 2022 following £3.4m placing in January 2022.
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