Yowie reports surge in revenue

Company News

Yowie Group Limited (ASX:YOW) has experienced a 1,094 per cent surge in revenue for the half year to 31 December 2015 to US$5.7 million.
 
The company has attributed the jump to stronger sales performance from the roll-out of its Yowie chocolate products in the US market. 
 
However, the company reported a net loss of US$2.6 million, which was an increase in loss of 189 per cent over the previous corresponding period.
 
Net tangible asset backing per share came in at 9.74 cents, compared to 7.46 cents in the previous half. 
 
The company has declined to pay a dividend. 

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