Business
RUM Reports Q3 2013 Results
RUM Reports Q3 2013 Results Edmonton, Alberta CANADA, November 27, 2013 /FSC/ - Rocky Mounta...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"RUM Reports Q3 2013 ResultsRUM Reports Q3 2013 Results\nEdmonton, Alberta CANADA, November 27, 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 September 30, 2013.\nKEY OPERATING AND FINANCIAL METRICS\n3 months ended September 30, 2013\n* Gross margin has increased to 24.2% (2012 - 22.6%)\n* Quarterly Sales remained constant at $15.5M (2012 - $15.5M) \n* Operating Margin reduced slightly to $1.02M (2012 - $1.06M) \n* Net Comprehensive Income increased slightly to $315,213 (2012 - $307,005)\n9 months ended September 30, 2013\n* Gross margin has increased to 23.7% (2012 - 23.0%)\n* Sales grew to $41.2M (2012 -  $40.8M) \n* Operating Margin decreased to $2.0M (2012 - $2.5M) \n* Net Comprehensive Income decreased to $251,974 (2012 - $602,918)\nThe Company completed construction on two Greenfield locations and acquired one store in Northern Alberta in the three month period ending September 30, 2013. \"We are pleased with the consistent results we have achieved this period,\" said Peter Byrne, CEO.  \"Our gross margins continue to improve as a result of our operational focus and technologies employed. We expect accretive acquisitions will continue to provide opportunities for growth.\"\nDetailed information in the form the Company's unaudited consolidated financial statements and Management Discussion and Analysis for the nine month period ended September 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. \nAbout Rocky Mountain\nRocky Mountain owns 100% of Andersons Liquor Inc. (\"Andersons\"), headquartered in Edmonton Alberta, which now own and operate 46 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. Read...