US: National Wine & Spirits doubles earnings in 2003

By Anne Brockhoff | 3 July 2003

The Indianapolis-based drinks distributor, National Wine & Spirits, said net income for the year to the end of March 2003 more than doubled to US$15.8m, from US$7.5m a year ago, mostly due to a one-time vendor settlement payment and gains from discounted purchases of senior notes.

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The Indianapolis-based drinks distributor, National Wine & Spirits, said net income for the year to the end of March 2003 more than doubled to US$15.8m, from US$7.5m a year ago, mostly due to a one-time vendor settlement payment and gains from discounted purchases of senior notes.

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