Charlie's looks to recover losses
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New Zealand beverage company Charlie's says it hopes to recover the losses, incurred by setting up its Renmark juice processing facility, during the next financial year.
The not-from-concentrate juice company reported a loss of more than $A340,000 in its annual report for the year ending June 2008.
Chief executive Stefan Lepionka says the capital expenditure on the Renmark plant amounted to about $A2.7 million.
But he says losses were also made by industrial action at a Victorian plant where packers had lost work.
"The action occurred at one of our third party contractors and so it wasn't at the new facility, and so as a result products couldn't be supplied ... we'd lost revenue and obviously profit, at the same time while we were trying to set up our facility at South Australia," he said.
