Distil Share News (DIS)

(Sharecast News) - Alcoholic beverages manufacturer Distil report higher levels of sales during its third trading quarter on Monday, including the important Christmas period.
Distil said revenues increased 7% year-on-year in the three months ended 31 December, supported by continued levels of up weighted marketing investment.

However, as the AIM-listed firm pointed out in its interim statement, year-to-date sales decreased 13% in revenue and volume, with marketing investment rates maintained.

Chairman Don Goulding said: "Our key brands performed well in Q3, growing volume and value in a highly competitive and changing market place.

"The outlook for the final quarter to 31 March 2020 remains positive with full-year profit out-turn expected to be ahead of last year and broadly in line with market expectations"

As of 1225 GMT, Distil shares had shot up 10% to 0.77p.