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NSLC Releases First Quarter Results

The Nova Scotia Liquor Corporation (NSLC) released its first quarter results today, Aug. 28, for April 1 to July 1, 2018, showing continued growth in Nova Scotia product sales.

Nova Scotia spirit sales increased by 30.3 per cent to $1.6 million, Nova Scotia craft beer sales grew by 29.9 per cent to $4.2 million, Nova Scotia ready-to-drink sales increased by 23.7 per cent to $1.3 million and Nova Scotia farm wine sales were up 1.1 per cent to $2.6 million.

Compared with last year, NSLC’s net income was $59 million, down $1.7 million or 2.8 per cent. Total sales were $156.8 million, down $1.9 million or 1.2 per cent, while total volume of alcohol sold was down 0.8 per cent. Overall customer transactions were down by 2.0 per cent while the average dollar value of each transaction increased by 0.5 per cent.

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-First-Quarter-Results .

Source: Release

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