Lark Distilling delivered a net sales revenue of $4.2 million for the second quarter of FY24, reflecting a decline of $1.1 million from the same period last year.

Fewer limited releases and a slowdown in the indirect Chinese export channel impacted the sales. The company's Core Lark Signature range had a solid performance in Australia, with a net sales growth of 24% compared to the previous period.

The company pursued cost control measures to improve its operating cash flow, with the implementation of strategies positively affecting cash outflows.

Several agreements have been signed with Southeast Asian distributors, and indirect export sales to Singapore are expected to be made during the March quarter.
 
The company's chairman, David Dearie, will resign from his role and transition to a non-executive director post.