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Distil operating losses narrow

By BFN News | 09:05 AM | Tuesday 24 October, 2017


Distil's revenues increased by 22.8% to £0.818m in the six months to the end of September and gross profit rose by 22.1% to £459,000. Operating losses narrowed to £21,000 - down from £66,000 a year ago. Executive chairman said: 'We continued to deliver strong year-on-year growth across our brand portfolio in the six months to 30th September 2017 despite lapping prior year pipeline fill in major retailers. 'During this period we increased our brand marketing investment to extend our reach directly with consumers at festivals and at the point of sale. 'Importantly we increased marketing funds to cover development costs of our new Blackwood's vintage and new packaging across the Blackwoods Gin and Vodka range for launch in Q4 of our fiscal year. 'We are pleased to report that our key brands have outperformed each of their respective categories overall during the period.' At 9:05am: (LON:DIS) Distil Plc Ord 0.1p share price was -0.28p at 2.85p Story provided by StockMarketWire.com

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