Distil Regulatory News (DIS)

13 Nov 2007 15:55

Blavod Extreme Spirits PLC13 November 2007 Blavod Extreme Spirits plc General Meeting statement 13 November 2007 At the General Meeting held today, the Company made the following statement: In the half year to 30 September 2007 Blavod Drinks Ltd, the principal UK basedtrading division of the Company, is expected to report an unaudited operatingprofit of circa £55,000 versus an operating loss of £203,000 in thecorresponding period last year. Overall company case sales grew 34% and BlavodBlack Vodka grew 6% despite the lack of promotional support due to the Company'sfinancial state. All the brands in the portfolio showed growth and all made aprofitable contribution. The US trading arm, the sale of which was completed on 5 October 2007, recordedoperating losses of circa $2m. Overall, the outcome excluding the US but including corporate costs is expectedto show a small loss before tax. Traditionally the first half volumes and profits are lower than the second halfwhich includes the key Christmas trading period. Initial orders received frommajor customers are encouraging. The Company expects to announce its interim results by the end of December 2007. At the General Meeting the resolutions to approve the report and accounts forthe year ended 31 March 2007, and to give the Directors authority to issue newordinary shares without pre-emption, were approved. ENDS For further information, please contact: Blavod Extreme Spirits plcRichard Ambler (Managing Director) 0207 352 2096 Brewin Dolphin (Nominated Adviser)Neil Baldwin/Alison Barrow 0845 270 8600 ENDS This information is provided by RNS The company news service from the London Stock Exchange