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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:
0.475
Prev. Close:
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Don't have an account? Click here to register.Distil swings to a profit as heightened marketing investment bares fruit
Thu, 25th Oct 2018 08:13
(Sharecast News) - Drinks maker Distil swung to a profit after revenues and profits improved across the first half of its trading period as a result of operational improvements and an increased investment into brand marketing.Distil's revenues grew 42% in the six months ended 30 September to £1.16m, leading to a 54% increase in gross profits to £710,000.The AIM-listed outfit, responsible for the likes of RedLeg Spiced Rum, Blackwoods Gin and Diva Vodka, poured £312,000 into brand marketing and promotions throughout the half - an additional 56% year-on-year.Operating profits came in at £101,000 in the half - a marked turnaround from the £21,000 loss reported the same time a year earlier.Cash reserves grew 38% to £957,000 as the group attempted to bolster its bank balance ahead of the UK's exit from the EU in March.Executive chairman Don Goulding said: "The strong growth momentum enjoyed in the previous financial year has continued into the six months to 30 September 2018 and I am pleased to report healthy year-on-year increases in revenue, profit and cash.""We have also ensured all planned measures to maximise benefits and offset possible risks relating to the UK exit from the EU have been finalised and fully implemented, well ahead of the anticipated date of March 2019."As of 1125 BST, Distil shares had shot up 17.27% to 2.58p.
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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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