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East Imperial PLC: Interim results
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East Imperial, the global purveyor of ultra-premium beverages, today announces unaudited half-year results for the period ended 30 June 2022.

Summary

●      Revenues up 26.3% from £1.02m to £1.28m, reflecting the return of key on premise markets and normalised trading patterns in the US and Europe

●      Strong improvement in net cash of £1.5m (H1 2021: £0.2m) due to the capital raise in January 2022. Q2 saw significant lowering of cash requirements compared to Q1 2022

●      Margins recovering in Q2 2022 (YTD at 17.4%; June 2022 up to 22.3%) as margin improvement programme continues

●      Key US market saw sales up 132% year on year as expansion in this priority market continues and cornerstone APAC market shows positive signs of post-Covid recovery

●      The current operating loss represents our commitment to the investment in the business and the growth opportunities in global markets.

https://www.londonstockexchange.com/news-article/EISB/interim-results/15627941

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