StockMarketWire.com - Central Europe focused spirits producer Stock Spirits reported a 25% rise in annual profit, boosted by strong vodka sales in Poland and rum sales in the Czech Republic.

Pre-tax profit for the year through September increased to €38.2m, up from a profit of €30.7m on-year. Revenue rose 11% to €312.4m.

The company declared a full-year dividend of 8.94c per share, up 5.1% on-year.

Stocks Spirits said it would invest around €25m in additional distillation capacity in Poland, to be completed in three years' time.

'We have delivered a year of good growth as our successful strategy of premiumisation continues to make progress,' chief executive Mirek Stachowicz said.

'The turnaround of our Polish business is complete, and we have now delivered 29 consecutive months of year-on-year volume share growth in that market.'

'We have also strengthened our leadership position in the Czech Republic, taking market share in volume and value.'




Story provided by StockMarketWire.com