Lark shares rebound after halving following chief executive scandal
Shares in local whisky group Lark Distilling soared 15 per cent on Monday, easing the rapid decline this year that has halved the company’s market value in light of a drug scandal that engulfed its former chief executive.
The jump in the share price on Monday followed an update on financial year performance that showed a 51 per cent increase in net sales in the financial year to date to $13.5 million. The company also said it was on track to deliver 2 million litres of whisky under maturation by the end of June with a net sale value of more than $400 million.
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