NSLC Announces First Quarter Results
The Nova Scotia Liquor Corporation (NSLC) released its first quarter results today, Aug. 22, for April 1 to July 2, 2017.
Compared to the same period last year, net income was $60.7 million, down $1.4 million, while total sales were up by $800,000 to $158.7 million. The total volume of alcohol sold was down 1.7 per cent and overall customer transactions were down 1.6 per cent. The average dollar value of each transaction increased by 1.9 per cent.
Big gainers were Nova Scotia craft beer sales, up by 48 per cent to $3.2 million and local spirit sales, up 103 per cent to $1.2 million. Nova Scotia wine sales, using locally grown grapes, grew by 3.6 per cent to $2.5 million, while sales for Nova Scotia commercial wine, produced here with imported grapes, were up 6.5 per cent to $5.8 million. Ready-to-drink products, mostly ciders made with local apples, increased by 75.7 per cent, to $1 million.
A detailed news release can be found on the NSLC website at http://bit.ly/2v2fU5j.