NSLC Announces First Quarter Results

The Nova Scotia Liquor Corporation released its first quarter results today, Sept. 2.

For the three-month period from April 1 to July 3, the NSLC recorded $148.7 million in sales and $57.2 million in net income. This is a decrease in net income of $2.8 million (4.6 per cent) compared with first quarter last year.

Earnings before depreciation and amortization for the first quarter were $59.9 million, a 4.2 per cent decrease compared with $62.6 million earned last year.

NSLC sales can be significantly influenced by the weather. During this first quarter of 2011, the number of sunny days decreased by 67 per cent when compared to first quarter of last year.

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