Canadian spirits group, Corby Distilleries, posted net earnings for the quarter to the end of November 2002 of C$8.5m, or $1.20 per share, against C$9.6m, or $1.37 per share, for the corresponding quarter in 2001.

The company attributed the fall in net earnings to a C$1.8m decline in equity earnings from its investment in the Tia Maria Group, compared with equity earnings in the first quarter of 2002. The reduced equity earnings stemmed from the significant advertising and promotion spend behind the launch of Tia Lusso.

Excluding equity earnings from the Tia Maria Group, Corby’s earnings grew by 8% for the first quarter, the company said. Operating revenues rose from C$29.0m to C$32.6m.

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
ROBOT Kombucha by Net Zero Foods has won the Innovation Award in the Probiotic Beverages category in the 2025 Just Drinks Excellence Awards. Discover how this AI-developed, 100% organic, low-sugar probiotic cola is reshaping gut-health drinks while championing bee-friendly, sustainable sourcing.

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