Brewer forecasts strong FY11 profits

Perth-based Little World Beverages has announced it expects the boutique brewer's net profit after tax for the first half of the 2011 financial year will be between $4 million and $4.5 million.

The forecast result is 17 per cent and 32 per cent above the previous corresponding period result of $3.4 million.

Last financial year Little World Beverages, which runs the Little Creatures Brewery in Fremantle, recorded a 51 per cent increase in net profit, to $6.8 million.

Little World Beverages increased its revenue to $56.4 million and declared a final fully franked dividend of 5 cents.

In November, the brewer announced expansion plans in the eastern states.

It reached a conditional agreement to purchase a heritage property on Victoria's Bellarine Peninsula.