Business
RUM Reports Fiscal 2012 Results
RUM Reports Fiscal 2012 Results Edmonton, Alberta CANADA, April 29, 2013 /FSC/ - Rocky Mount...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"\nRUM Reports Fiscal 2012 Results\n\nRUM Reports Fiscal 2012 Results\nEdmonton, Alberta CANADA, April 29, 2013 /FSC/ - Rocky Mountain Liquor Inc. (RUM - TSX Venture), (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange (the \"Exchange\"), today reported its financial results for the year ending December 31, 2012.\nRUM showed improvement in all of its routinely reported metrics.\nResults for the 12-month period ending December 31, 2012:\n* Sales were $54,638,640 (2011 -  $52,817,810) , an increase of 3.4%;\n* Gross margin was 22.8% (2011 - 21.9%);\n* EBITDA was $2,655,002 (2011 - $2,618,119), an increase of 1.4%;  \n* Operating margin was $2,695,257 (2011 - $2,623,547), an increase of 2.7%;\n* Net income $192,034 (2011 - loss $451,428), an increase of $643,642.\nKey Highlights for the 12-month period ending December 31, 2012:\nAndersons purchased four stores during 2012 resulting in a total of 42 liquor stores at year end. \nIn 2012 the Company was ranked 220 in the inaugural Alberta Venture 250, recognizing Alberta's highest grossing companies based on 2011 results. The ranking published in the September issue of Alberta Venture and online at v250.albertaventure.com was evaluated on the 2011 revenue of Andersons Liquor Inc., a wholly owned subsidiary of RUM.\nAlso in 2012, the Company was ranked in the 24th annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine in September based on 2011 results.  The Company ranked 160th overall. This is the second consecutive year the Company has been ranked in the Profit 200. The award was evaluated on the five-year growth of Andersons Liquor Inc., the wholly owned subsidiary of the Company. The rankings were published in the Summer issue of PROFIT and online at PROFITguide.com. The PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.\n\"Ranking in the list of Alberta Venture's 250 top grossing companies and being awarded the PROFIT Magazine Fastest Growing Companies designation for the second consecutive year was very exciting\" stated Peter Byrne, CEO. \"We have a superb operational team across the Province of Alberta that is focused on providing value for our customers. They are the reason we continue to be successful.\"  \nThe Company's goals continue to be growth of ne...