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Distil PLC - Alcoholic spirit maker - Revenue in its first quarter to June rises to £364,000 from £119,000. The company says comparative first quarter revenue in 2022 had been suppressed as the company remodelled its business. Distil notes that the market remains uncertain in the current economic climate, particularly with the UK’s planned duty increases effective from August 1.
Executive Chair Don Goulding said: ‘We are working closely with our customers to ensure that our products are well positioned and marketed to minimise the effects on the business.’
Current stock price: 0.50 pence, up 33% in London
12-month change: down 62%
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