Business
RUM Reports Q2 2013 Results
RUM Reports Q2 2013 Results Edmonton, Alberta CANADA, August 22, 2013 /FSC/ - Rocky Mountain...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"RUM Reports Q2 2013 ResultsRUM Reports Q2 2013 Results\nEdmonton, Alberta CANADA, August 22, 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 period ending June 30, 2013.\nKEY OPERATING AND FINANCIAL METRICS\n3 months ended June 30, 2013\n* Gross margin was 23.6% (2012 - 23.1%)\n* Sales were $14,655,011 (2012 - $14,741,611) - decrease of 0.6%\n* Operating Margin was $900,585 (2012 - $1,109,693) - decrease of 18.8%\n6 months ended June 30, 2013\n* Gross margin was 23.4% (2012 - 23.2%)\n* Sales were $25,698,442 (2012 - $25,253,980) - increase of 1.8%;\n* Operating Margin was $988,349 (2012 - $1,431,476) - decrease of 31%\nDetailed information in the form the Company's unaudited consolidated financial statements and Management Discussion and Analysis for the three month period ended June 30, 2013 are available under the Company's profile on SEDAR at www.sedar.com and also on the Company's website at www.ruminvestor.com. After accessing the website, please choose the \"Investor Relations\" tab to view Quarterly Reports. \nEvents Subsequent to June 30, 2013:\nThe Company completed construction of a new liquor store in Grande Prairie, Alberta, and renewed its financing agreement with its senior lender, TD Canada Trust, decreasing total commitment from $20 million to $15 million in order to reduce commitment fees associated with these facilities.\nAbout Rocky Mountain\nRocky Mountain owns 100% of Andersons Liquor Inc. (\"Andersons\"), headquartered in Edmonton Alberta, which now own and operate 44 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008.  It is listed on the TSX Venture Exchange (TSX-V:RUM).\nForward-Looking Statements \nThis news release may contain \"forward-looking statements\" within the meaning of applicable securities laws relating to the future growth of the Company, and the ability to execute its business strategy. Readers are cautioned not to place undue reliance on forward-looking statements, and in particular results achieved in 2013 and previous periods. Past results might not be a certain indication of future performance, which is subject to other risks, including but not limited to changes ...