POLITICS

NB Liquor reports a drop in sales and profits during first quarter

08/02/2012 03:51 EDT | Updated 10/02/2012 05:12 EDT
FREDERICTON - Profits at NB Liquor fell by $1.1 million during the first quarter of this fiscal year, as compared to the same period last year.

The Crown corporation reports that total sales were $99.2 million — a drop of $4.7 million.

Despite the drop, president Daniel Allain says the numbers are in line with expectations.

He says beer sales and store visits were expected to drop because of a deep discount on beer last year that accounted for $4.5 million in sales in 2011.

Allain says a reduction of $200,000 in operating expenses this year has helped offset the revenue shortfall.

The report says that wine sales grew, while spirits, beer and other beverages declined.