• Print
  • Send to a friend
  • Comment (0)
  •  

Nova Scotia Liquor Corp. reports increase in sales for first quarter

Published on September 5, 2012
Published on September 5, 2012
Topics :
Nova Scotia Liquor , Nova Scotia

HALIFAX - Nova Scotia's Crown liquor company is reporting a slight increase in profits in its first quarter.

From April 1 to July 1, the Nova Scotia Liquor Corp. recorded sales of $150.6 million compared to $148.7 million for the same period last year, an increase of 1.3 per cent.

It says the first quarter's net income was $58.6 million, an increase of $1.4 million compared to the same period last year.

CEO Bret Mitchell says wine sales showed the most growth, due in part to the introduction of local products.

Wholesale sales, such as those at bars, restaurants and stores, were $27.2 million, an increase of 1.4 per cent over last year.

But the total volume of alcohol sold in the first quarter is down 0.5 per cent from the same time last year.

The corporation generates more than half a billion dollars of revenue a year and employs more than 1,500 people in the province.

© Canadian Press

Submit a comment

Submit a comment (we keep all emails private)
Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.

Advertising

Newsletter

Please enter your email to receive our free newsletter

Subscribe to news alerts

Advertising