Virgin Wines UK PLC (GB:VINO) has released an update.
Virgin Wines UK PLC has reported a robust financial year with a significant rise in profitability, as evidenced by a 59% increase in adjusted EBITDA and a shift from a pre-tax loss to a profit of £1.7 million. The company’s strategic initiatives, including the launch of Warehouse Wines and successful partnership expansions, have contributed to improved margins and customer acquisition efficiencies. With a strong balance sheet and ongoing growth plans, Virgin Wines is well-positioned to continue its positive trajectory into the next financial year.
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