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Certified Organics Half Year Result To June 2004

Certified Organics Half Year Result To June 2004

Total operating revenue: $456 (First half 2003: $255) +79%

Operating deficit attributable to members: $-640 (First half 2003: $-899) -29%

The Board of Certified Organics is pleased to announce continuing growth in sales in the first half of 2004, leading to a significantly reduced operating deficit.

Export sales in the first six months exceeded domestic sales for the first time. The sales result benefitted from the first shipment to the Company's newly-appointed Australian master distributor and the first sale of its Seed Eradicator to the Government of South Australia.

Prospects are for sales to continue to grow during the second half of the year, both domestically and overseas.

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