Castle Brands has posted a healthy lift in sales volumes for the last quarter of its fiscal year.

The US-based spirits company, which boasts Boru Vodka and Gosling's Rum in its portfolio, said yesterday (9 April) that preliminary case sales for the three months to 31 March, were up by 48% year-on-year to 72,000 cases. Volume was driven, the company said, by strong sales in the US, with Boru Vodka a significant contributor.

"Growth in the company's flagship brands was partially offset by reduced sales of certain lower-priced Irish cream products which accounted for 23,160 cases in FY 2006 and only approximately 8,000 cases in FY 2007," the company noted.

Looking forward, the company said it expects this year's sales to rise by 18% over 2006, with growth in the US expected to come in at 26% up and international delivering 7%.

Mark Andrews, Castle's CEO, said: "We are pleased with the volume growth that we were able to deliver. Our products continue to gain acceptance and I am particularly pleased with the recent launch of Boru in new packaging. We look forward to building on this momentum in the current year."

The company is working on its year-end audit. Revenues, margins and costs will be released when the audit is completed, the company said.

Last month, Castle announced the departure of its second CFO in under five months. Herbert Roberts, who had held the position for three months, resigned in March for personal reasons. Roberts' departure follows the resignation of Matthew MacFarlane from the position at the end of October last year.