The Nova Scotia Liquor Corporation (NSLC) released its year-end results today, June 18, for April 1, 2018 to March 31, 2019.
Total sales were up 5.8 per cent to $662.1 million, with $628.9 million in beverage alcohol sales and $33.2 million in recreational cannabis sales. There were 866,800 cannabis transactions with an average dollar value of $38.29. The average dollar value of each beverage alcohol transaction grew by 0.9 per cent to $30.67
The growth in local beverage alcohol product categories continues to be strong. Nova Scotia ready-to-drink sales, which are mostly ciders, were up 80.9 per cent to $7.8 million while craft beer sales were up 27.3 per cent to $16.7 million. Nova Scotia spirit sales grew by 28.5 per cent to $7.8 million while Nova Scotia wine sales, using locally grown grapes, were up by 2.5 per cent to $11.7 million.
Compared to the previous fiscal year, net income for the NSLC was $237 million, down $1.2 million, while total sales were up by $36.4 million to $662.1 million.
A detailed news release can be found on the NSLC website at https://www.mynslc.com/en/About-NSLC/Media-Centre/News-Releases/NSLC-Announces-2019-Year-End-Results .