Distil plc (GB:DIS) has released an update.
Distil plc has reported a robust revenue increase of 15% to £1.52 million for the financial year ending 31 March 2024, despite a loss of £1,092k and challenging market conditions that include the largest duty increase in 50 years. The company highlighted strategic wins such as the growth of its RedLeg and Blackwoods brands, a 39% reduction in logistics costs, and a promising partnership with Global Brands Ltd. Export sales notably grew by 21%, and efforts are underway to stimulate further growth and reduce costs in the upcoming financial year.
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