Lark Distilling Co. Ltd. (AU:LRK) has released an update.
Lark Distilling Co. Ltd. reports a slight dip in domestic sales but shows resilience with new direct export initiatives to Singapore and Indonesia, yielding $0.6 million in sales for Q3FY24. The company’s focus on international markets is on track, with distribution agreements set for the Philippines and Malaysia and a goal to make over 50% of net sales from exports by FY27. Despite softer market conditions, Lark maintains a solid $4.0 million cash balance and a $15 million undrawn bank facility, while continuing to receive global recognition for their whisky quality.
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