NSLC Announces Third Quarter Results
The Nova Scotia Liquor Corporation (NSLC) released its third quarter results today, Feb. 20, for Oct. 2 to Dec. 31, 2017.
Compared to the same period last year, net income was $65.5 million, up $700,000, while total sales were up by $4.7 million to $165.7 million. The total volume of alcohol sold was up 1.9 per cent and the average dollar value of each transaction increased by 1.2 per cent.
There was growth across all local product categories. Nova Scotia spirit sales saw the greatest growth in local product sales with a sales increase of 59.5 per cent to $2.0 million. Nova Scotia craft beer sales were up 48.6 per cent to $3.2 million while Nova Scotia wine sales, using locally grown grapes, grew by 22.6 per cent to $3.5 million. Ready-to-drink products, mostly ciders made with local apples, increased by 37.8 per cent, to $1.0 million.
A detailed news release can be found on the NSLC website at http://bit.ly/2oobyQ3 .