date:Aug 06, 2013
Fine Wine Good Spirits, a chain of stores operated by the Pennsylvania Liquor Control Board (PLCB), has posted revenues of $2.17bn in the fiscal year (FY) 2012-13, up $93m or 4.5%, against the revenues of FY 2011-12.
Net income for the FY 2012-13 was $128.4m, a $24.9m or 24% increase over FY 2011-12 figures.
The increase in net income was the result of sales growth and operational expense control.
Fine Wine Good Spirits saw 6% growth in the retail wine sales, which was driven by the Chairma