Lark Distilling Fiscal Q4 Net Sales Jump 44% to AU$5 Million
Lark Distilling (ASX:LRK) reported a 44% increase in net sales to AU$5 million in the fiscal fourth quarter ended June 30, compared with the previous corresponding period, according to an Australian bourse filing on Monday after market hours.The company also reported domestic direct-to-consumer sales of AU$1.7 million, flat compared with the same period last year, while global travel retail recorded quarterly sales of AU$700,000, representing a 107% increase.Meanwhile, domestic business-to-business sales grew 8% year over year, driven by the encouraging early performance of the new signature whisky range.As of June 30, the company's cash at the bank stands at AU$14.3 million, with AU$11 million in cash term deposits and AU$5 million committed bank facility remaining undrawn.
