Distil toasts stronger sales

0 mins. to read
Distil toasts stronger sales
Master Investor Magazine 42 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed drinks outfit Distil (LON:DIS) increased revenues for the 6 months ended 30th September by 42.3% to £1.16 million as it increased volumes by 30%. The company also switched from a £21,000 operating loss in the comparable period to a £101,000 profit.

Executive chairman Don Goulding said: “Investment in marketing support increased ahead of sales as we continued to build our brands. Additional funds were also used to develop gift packaging for RedLeg Spiced Rum and Blackwoods Gin, ready for launch ahead of the Christmas trading period, together with a range of miniature bottle formats.

Operational improvements together with significant volume growth during the period have assisted gains in gross profit margin and contribution margin“.

Shares in Distil rose by 18.18% to 2.60p (as of 12:40 BST).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *