Halewood Wines & Spirits sees FY profits triple

UK-based Halewood Wines & Spirits has disposed of its majority stake in West Cork Distillers at the same time as reporting a 319% increase in operating profit in the year ending 30 June 2018. The owner of brands including Whitley Neill Gin, Liverpool Organic Gin, Aber Falls Welsh Gin and Crabbie’s Alcoholic Ginger Beer saw operating profit grow by 319% to £13.4 million (US$17.12m) from £4.2m (US$2.3m) in 2017. Revenue for the period increased by…

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United Spirits profit soars in first half of 2018

Diageo-controlled Indian drinks group United Spirits saw its 2018 first half net sales grow by 14%, while profit after tax increased by more than 50%. In the six months to 30 September 2018, net sales hit Rs. 4,240 crores, while profit after tax grew by 57% to Rs. 340 crores. The net sales growth was attributed mostly to the ‘prestige and above’ segment, as well as the “improved performance” of the ‘popular’ segment and the…

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