Charlie's in the black

Beverage company Charlie's says its interim profit statement on February 23 will be in the black.

The company, associated with celebrity Marc Ellis, said it expected to achieve earnings before interest, tax, depreciation and amortisation (ebitda) of between $1.6 million and $1.7 million in the six months to December 31.

This was a significant turnaround from the same period last year, when ebitda was negative $83,000.