The company said Maggie Beer Products had made $1.5 million in earnings before interest, tax, depreciation and amortisation in the first half of 2018-19, compared with a loss of $100,000 in the same half a year ago.
Ms McBain said the turnaround was achieved on modest sales growth and through robust cost-cutting.
“The Maggie Beer team has successfully managed costs to create a profitable, sustainable business with a very powerful brand that is highly regarded by consumers looking for premium food products,” Mrs McBain said.
She said there would be an expansion of the Maggie Beer range into new product categories in supermarkets.
Longtable was previously known as Primary Opinion until a name change in late 2017, as it transformed from its previous business of running a networking community in legal services, human resources and accounting. Longtable undertook a 25 to one share consolidation in 2018 as part of a push to be taken more seriously by investors and to pull itself out of the ranks of companies whose shares traded for just a few cents.
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