Rocky Mountain Liquor (TSE:RUM) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Rocky Mountain Liquor Inc. has reported a solid increase in net comprehensive income to $463,062 for the year ended December 31, 2023, despite a slight sales dip of 4%. The company achieved a significant 35% reduction in bank debt, showcasing strong financial management during a period of rising interest rates. With 19 stores now under the Great Canadian Liquor brand, the company is committed to enhancing customer experience and operational efficiency in the coming year.
For further insights into TSE:RUM stock, check out TipRanks’ Stock Analysis page.