29th Jan 2025 12:22
Virgin Wines UK PLC - Norwich, England-based online wine retailer - Says revenue is flat but profit up sharply in the first half of its financial year, thanks to a strong sales performance during the key Christmas period. Virgin Wines says pretax profit in the six months that ended December 27 is GBP1.3 million, up 20% from GBP1.1 million a year before. Earnings before interest, tax, depreciation and amortisation is steady at GBP1.6 million. Revenue is flat at GBP34.1 million, compared to GBP34.3 million, but the company says operational efficiencies reduced its cost per case by 10% during the half year and by 5.4% in December alone. Read More
