TRADING UPDATES: Distil expects solid annual growth, revenue up 48%
Wed, 14th Apr 2021 19:23
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Distil PLC - London-based owner of premium spirit brands - Says its unaudited full-year volumes and revenues for the year ended March 31 showed significant year-on-year growth. Says volumes increased 30% year-on-year, revenue increased 48% while investment in brand marketing and new product development increased 60%. The outlook for the coming year is positive as restrictions are eased, consumer confidence grows, and social activity is restored. Against this backdrop we will confidently continue to drive growth and invest in new products which offer shareholder value, says Distil.
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