Distil plc (GB:DIS) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Distil plc has reported a challenging six months ending September 2024, with a 38% drop in revenues to £393k and a 44% decline in gross profit. Despite these setbacks, the company has launched new products like Blackwoods First Drop Gin and invested significantly in brand marketing, aiming for a turnaround during the upcoming festive season. The recent £0.65m equity fundraise is intended to support working capital and brand development, signaling a cautious yet optimistic outlook for the future.
For further insights into GB:DIS stock, check out TipRanks’ Stock Analysis page.