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Distil Information
Share Price Information for Distil (DIS)
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Share Price:
0.475
Bid:
0.45
Ask:
0.50
Change:
0.00 (0.00%)
Spread:
0.05 (11.111%)
Open:
0.475
High:
0.475
Low:
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Don't have an account? Click here to register.Distil stumbles as revenues drip a third lower
Tue, 07th May 2019 08:48
(Sharecast News) - Distil's shares dived on Tuesday after fourth quarter revenues and volumes each dropped by roughly a third, which the premium drinks brand owner attributed to a third quarter stock build up.The AIM traded company, which owns brands such as RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, said that unaudited year-on-year revenues and volumes for the three month period ended 31 March were 33% and 32% lower, respectively, though in line with expectations.Don Goulding, executive chairman of Distil, said: "Our fourth quarter result was in line with expectations following a very strong third quarter performance where we increased marketing acitivity and shipments to our distributors. We anticipate full year performance for the year ended 31 March 2019 to be in line with current market expectations and look forward to reporting our full year preliminary results in June 2019."The three month period also saw Distil focus on brand marketing, increasing its year-on-year spend by 10%, while sales from distributors to the trade continued to grow as year-on-year volumes increased by 10%."We expect continued growth in our core Rum and Gin markets during 2019 and will continue to invest in our brand marketing to grow our market share. In March we announced the launch of our new RedLeg variant, sales of which commence in the on-trade in early June," said Goulding.Distil's shares were down 11.90% at 1.85p at 0835 BST.
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Distil's earnings to be ahead of expectations after Christmas sales surge
(ShareCast News) - Distil, the owner of drinks brands RedLeg spiced rum, Blackwoods gin and Jago's cream liqueur, said earnings for last year are likely to be ahead of expectations due to a surge in sales over Christmas. Revenues for the third quarter ended 31 December 2016 jumped 71% year-on-year,
Read more28 Oct 2016 10:05
Distil's revenue rises as it plots US expansion
(ShareCast News) - AIM-listed Distil's half year revenue rose as the drinks owner invested in marketing and recruitment, while it plans to expand in the US. Distil, which owns RedLeg Spiced Rum, Blackwoods gin and vodka, Blavod black vodka and Jago's cream liqueur, reported that its revenue increase
Read more23 May 2016 08:02
Distil plans spiced rum launch in US after regulator's approval
(ShareCast News) - RedLeg, a brand of spiced rum made by Distil, has been approved for sale in the US from the Alcohol and Tobacco Tax and Trade Bureau (TTB). The regulator's decision follows its approval for Distil's Blavod Black Vodka and Blackwoods Gin last year. Don Goulding, executive chairman
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