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14 June 2021 | 07:46am StockMarketWire.com - Alcoholic drinks maker Distil annual profit rose as a increased marketing spend help boost sales. For the year ended 31 March 2021, pre-tax profit attributable to shareholders rose to £243,000 from £182,000 year-on-year as turnover jumped 48% to £3.6 million. RedLeg Spiced Rum and Blackwoods Gin were the key performance driver with both brands posting a 50% increase in revenue, ahead of the wider spirts market. Blackwoods Vodka and Blavod Original Black Vodka experienced declines of 60% and 66% respectively, albeit off relatively small bases. Gross margin fell to 56% from 59% as a result of COVID-19 related production charges and the ramp up in marketing, the company said. ....
Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Distil annual profit rises as increased marketing spend boosts sales investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Bombay Sapphire, Kopparberg, Crystal Head Vodka and a collaboration between HonestBrew and Northern Monk are among the latest crop of seasonal drink launches. Laphroaig unveils 10 Year Old Sherry Oak Beam Suntory’s Laphroaig has launched 10 Year Old Sherry Oak, a new take on its single malt and the drinks maker’s latest addition to the core range. Finished in Oloroso sherry casks for twelve to eighteen months, this new expression combines the flavour of the Laphroaig 10 Year Old with the flavours of the sherry casks. The cask combination creates notes of Manuka honey, bacon, and maple syrup, alongside smoke, seaweed, and hint of salt. ....