UK: Fine wine sales boost Majestic Wine's profit
UK: Fine wine sales boost Majestic Wine's profit
Jun 18, 2012 6
(Reuters) - Britain's Majestic Wine Plc reported a 14 percent rise in full-year pretax profit partly helped by strong sales of its fine wines priced above 20 pounds a bottle.
The company, which operates 181 stores across the United Kingdom, said comparable sales from its UK stores for the 10 weeks to June 11 rose 0.6 percent.
The wine retailer, which recently slashed its minimum online order to six bottles to boost internet sales, raised its final dividend by 22 percent to 11.8 pence per share.
Comments