CANADA: Corby Distilleries Limited announces its financial results for the nine months ended May 31, 2000

By Company Press Release | 26 July 2000

The Corporation's net earnings for the nine months ended May 31, 2000 amounted to $14.6 million or $2.08 per share compared to $16.7 million or $2.38 per share for the corresponding period last year.Revenues are down 9% for the first nine months of the year compared to last year. As announced in April 2000, this is a direct result of the Corporation's strategic decision to reduce inventory levels at the liquor boards in order to streamline and improve efficiencies within the product to customer supply chain network.

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The Corporation's net earnings for the nine months ended May 31, 2000 amounted to $14.6 million or $2.08 per share compared to $16.7 million or $2.38 per share for the corresponding period last year.Revenues are down 9% for the first nine months of the year compared to last year. As announced in April 2000, this is a direct result of the Corporation's strategic decision to reduce inventory levels at the liquor boards in order to streamline and improve efficiencies within the product to customer supply chain network.

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