NSLC, Sales Increased While Earnings Decreased.
The Nova Scotia Liquor Corporation (NSLC) released its year-end financial results today, June 25.
For the fiscal year April 1, 2023, to March 31, 2024, total sales were up 1.6 per cent to $874.5 million, with an increase in both beverage alcohol and cannabis sales compared with the previous fiscal year.
Beverage alcohol sales increased 0.5 per cent to $753.4 million, and cannabis sales increased 8.9 per cent to $121.0 million.
Earnings decreased 0.3 per cent to $238.8 million.
Sales of Nova Scotia products increased 7.4 per cent to $133.9 million. Local beverage alcohol products increased by 3.5 per cent to $94.4 million, while local cannabis led the growth of Nova Scotia products overall with a 17.9 per cent increase to $39.5 million.
Other local product sales results include:
- beer – up 5.7 per cent to $30.3 million
- wine – up 1.8 per cent to $17.1 million
- spirits – down 0.3 per cent to $12.8 million
- ready-to-drink products – up 4.1 per cent to $34.3 million.
Additional Resources:
A detailed news release can be found on the NSLC website at: https://www.mynslc.com/About-NSLC/Media-Centre/2024/NSLC-Fiscal-Year-2024-Year-End-Financial-Performance
Source : Provincial Release
