NSLC Announces Year-end Results

The Nova Scotia Liquor Corporation today, July 20, released its year-end results from April 1, 2010 to March 31, 2011.

For the 12-month period, the NSLC recorded net earnings of $223.2 million on sales of $581.6 million. This represents an increase in net income of $3.8 million or 1.7 per cent, compared with last year.

The NSLC's net income target was $223.5 million on sales of $593.3 million for the year ended March 31, 2011. Earnings before depreciation and amortization for the fiscal year were $231.8 million, an increase of 1.3 per cent compared to $228.8 million last year.

A detailed news release can be found by following the News Releases link on the NSLC website at www.myNSLC.com .