Blavod Extreme Spirits PLC
13 November 2007
Blavod Extreme Spirits plc
General Meeting statement
13 November 2007
At the General Meeting held today, the Company made the following statement:
In the half year to 30 September 2007 Blavod Drinks Ltd, the principal UK based
trading division of the Company, is expected to report an unaudited operating
profit of circa £55,000 versus an operating loss of £203,000 in the
corresponding period last year. Overall company case sales grew 34% and Blavod
Black Vodka grew 6% despite the lack of promotional support due to the Company's
financial state. All the brands in the portfolio showed growth and all made a
profitable contribution.
The US trading arm, the sale of which was completed on 5 October 2007, recorded
operating losses of circa $2m.
Overall, the outcome excluding the US but including corporate costs is expected
to show a small loss before tax.
Traditionally the first half volumes and profits are lower than the second half
which includes the key Christmas trading period. Initial orders received from
major customers are encouraging.
The Company expects to announce its interim results by the end of December 2007.
At the General Meeting the resolutions to approve the report and accounts for
the year ended 31 March 2007, and to give the Directors authority to issue new
ordinary shares without pre-emption, were approved.
ENDS
For further information, please contact:
Blavod Extreme Spirits plc
Richard Ambler (Managing Director) 0207 352 2096
Brewin Dolphin (Nominated Adviser)
Neil Baldwin/Alison Barrow 0845 270 8600
ENDS
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