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Distil Outlook Positive As Quarterly Revenue Rises On Investments

LONDON (Alliance News) - Distil PLC on Monday said it saw a significant increase in revenue over ...

Alliance News 21 January, 2019 | 12:07PM
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LONDON (Alliance News) - Distil PLC on Monday said it saw a significant increase in revenue over the past nine months, boosted by promotional activities.

The owner of drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Jago's Cream Liqueur and Diva vodka said revenue in the three months to the end of December increased by 29%, helped by investments in brand marketing. For the nine months to the end of December, revenue rose 36%.

"We increased marketing investment in promotional activity over the Christmas period to build stronger consumer awareness, trial and purchase of our key brands," said Executive Chair Don Goulding.

"The outlook for the final quarter to March 31 remains positive with full year out-turn expected to be in line with market expectations," added Goulding.

Distil shares were trading 9.0% lower on Monday at 2.23 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Distil PLC 0.93 GBX 2.78 -

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