Financial Highlights Keytone Dairy’s third quarter in the FY2019 has seen increased sales revenues from core powder products (both proprietary brands and contract manufactured for third parties), compared to the prior corresponding periods, whilst year-on-year performance is significantly up. The highlights include: •Sales revenue was up 18% for the quarter compared with the corresponding quarter lastfinancial year.•Total sales revenue for the nine months ended 31 December 2018 increased by 80% to $1.9million compared with the corresponding period last financial year.•Sales of Keytone Dairy proprietary branded powder products (as opposed to productscontract-packed for third parties) for the quarter were up 116% compared with the previousquarter.•Sales of private label brands (products contract-packed by Keytone Dairy for third partycustomers) across the entire product range were up 40% compared with the previous quarter.•Total cash receipts for the nine months ending 31 December 2018 increased by 72%compared with the corresponding period last financial year.•As at 31 December 2018, Keytone Dairy had a combined cash balance of $10,353,892, asoutlined in the accompanying Appendix 4C•Cash outflows for the quarter included $1,059,000 of plant and equipment for the secondmanufacturing facility currently under construction.
KTD Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
