Russell Breweries has reported net sales $6.7m, an increase of 4%, for the fiscal year 2013 (FY2013) ended 30 June 2013, compared to $6.4m during the same period in 2012.
The beer maker has also posted net sales of $1.87m, in the fourth quarter (Q4) of 2013, up by 3%, compared to $1.82m in the same period in 2012.
It has also posted a net loss of $1.5m in FY2013, compared to the net loss of $1.1m in the same period of 2012.
Q4 net loss was $468,114, compared to the net loss of $477,442 in the same period of 2012.
Russell Breweries CEO Benjamin Li Yu said that they have continued to grow in a highly competitive market.
"Our margins have improved and cost controls and other initiatives implemented by our team have resulted in an improved bottom line," Li added.
"The Company is $314,375 EBITDA positive for fiscal 2013 compared to $32,970 for fiscal 2012."
