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Distil (DIS)

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Distil revenues and volumes jump in first quarter

04 Jul 18

LONDON (ShareCast) - (Sharecast News) - Premium drinks manufacturer Distil revealed on Wednesday that revenues and sales volumes had increased in its first trading quarter.
Distil, which makes Blackwoods gin, Redleg rum and a vodka that contains swarovski crystals, lifted revenues 27% in the first quarter to 31 June compared to last year, helped by volumes improving 21%.

Due to Easter falling in April last year, sales in the first quarter of 2017 included Easter promotional activity whereas much of the Easter sales in 2018 came through in March.

To give a clearer picture of the group's performance, the AIM-listed company also provided investors with its unaudited six-month performance figures, which showed that year-on-year revenues had increased 28% and volumes improved 27% over the period. Distil reported full year results only last month, with turnover and gross profit both up 23% to 2.01m and 1.17m, respectively.

Don Goulding, executive chairman, said, "Growth momentum of our key brands continues at a healthy pace, supported by marketing and promotional activities at the point of sale."

"Our brand performance within these categories is strong and in line with our expectations," added Goulding.

As of 0840 BST, Distil shares had slipped 0.93% to 2.13p.

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Market Data

Currency UK Pounds
Price 0.83p
Change Today 0.000p
52 Week High 2.10p
52 Week Low 0.58p
Volume 0
Shares Issued 501.98m
Market Cap 4.14m


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