(Alliance News) - East Imperial PLC on Wednesday said it had secured significant Tier-1 and Tier-2 on premise account wins in New Zealand.
Shares in East Imperial were flat at 2.30 pence each in London on Wednesday morning.
The New Zealand-based tonic waters and mixers producer said in the fourth quarter of 2023, it secured on-premise accounts spearheaded by the new Ayrburn precinct in Arrowtown, South Island.
According to East Imperial, Ayrburn is an "expansive, historic piece of land set against a mountainous backdrop. It is poised to be New Zealand's most exciting new dining destination, with various fine dining restaurants, a cellar door, and themed luxury bars."
East Imperial has been appointed as the premium mixer partner across the site.
In addition, the firm said it gained a presence in two new luxury hotels, The Pullman Hotel at Auckland Airport, as well as the InterContinental in central Auckland, as their exclusive mixer provider.
"The company's margin improvement programme, implemented at the half-year mark, has started to deliver significant margin improvement as the company heads towards a target of 35%, in line with guidance. This is the direct result of several initiatives, including a price increase and ongoing supply chain changes that see less reliance on third-party logistics providers," East Imperial said.
By Sabrina Penty, Alliance News reporter
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East Imperial (EISB)