StockMarketWire.com - Stock Spirits Group swung to a first-half profit after it sold higher volumes of vodka, rum and whiskey in Poland and the Czech Republic.

Net profit for the six months through March amounted to €5.8m, compared to losses of €1.4m on-year.

Revenue rose 8.2% to €156.9m, as volumes rose 6.8%.

Stock Spirits declared an interim dividend of 2.63 euro cents per share, up 5.2% on-year.

'We delivered a strong organic growth performance in our core markets of Poland and the Czech Republic in the period, achieving strong increases in market shares, volume, revenues and profit,' chief executive Mirek Stachowicz said.

'Looking to the future, the recently announced acquisitions in Italy and the Czech Republic are a clear sign that we are committed to delivering growth both inorganically and organically.'

'Overall, we believe that the strength of our brands and our strategy means that Stock Spirits is well positioned for further success.'




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