News blog
Blavod Extreme Spirits
- BY: Andrew Hore |
- POSTED: 02/04/2008 |
Blavod Extreme Spirits has corrected its trading statement from 31 March and downgraded the expected in increase in sales.
The original statement said that its subsidiary Blavod Drinks would show “an increase of not less than 45% in case sales for the 12 months for the entire spirits portfolio” for the year to March 2008. Two days later it has been changed to “an increase of not less than 32% in case sales”.
The subsidiary has still managed to trade above breakeven despite this change. The full year results will be published in June. they will include losses from the US business sold during the financial year.
The shares rose 18% to 4p after the original announcement. The correction was released after the close of trading on 2 April.
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