Business
General Meeting Statement
General Meeting Statement.
About this update from Distil Plc
[{"type":"text","content":"\n Blavod Extreme Spirits PLC\n13 November 2007\n\n\n\n\n\n\nBlavod Extreme Spirits plc\n\nGeneral Meeting statement\n\n\n13 November 2007\n\n\nAt the General Meeting held today, the Company made the following statement:\n\n\nIn the half year to 30 September 2007 Blavod Drinks Ltd, the principal UK based\ntrading division of the Company, is expected to report an unaudited operating\nprofit of circa £55,000 versus an operating loss of £203,000 in the\ncorresponding period last year. Overall company case sales grew 34% and Blavod\nBlack Vodka grew 6% despite the lack of promotional support due to the Company's\nfinancial state. All the brands in the portfolio showed growth and all made a\nprofitable contribution.\n\n\nThe US trading arm, the sale of which was completed on 5 October 2007, recorded\noperating losses of circa $2m.\n\n\nOverall, the outcome excluding the US but including corporate costs is expected\nto show a small loss before tax.\n\n\nTraditionally the first half volumes and profits are lower than the second half\nwhich includes the key Christmas trading period. Initial orders received from\nmajor customers are encouraging.\n\n\nThe Company expects to announce its interim results by the end of December 2007.\n\n\nAt the General Meeting the resolutions to approve the report and accounts for\nthe year ended 31 March 2007, and to give the Directors authority to issue new\nordinary shares without pre-emption, were approved.\n\n\nENDS\n\n\nFor further information, please contact:\n\n\nBlavod Extreme Spirits plc\nRichard Ambler (Managing Director) 0207 352 2096\n\n\nBrewin Dolphin (Nominated Adviser)\nNeil Baldwin/Alison Barrow 0845 270 8600\n\n\nENDS\n\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1803,"tagName":"div"}]