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Distil looks forward to launch of new vintage gin

Volumes rose 41%, compared to revenue growth of 23%

Redleg Spiced Rum and Blackwoods Gin continued to sell well for Distil Group PLC (LON:DIS) in its latest half year.

Volumes rose 41%, compared to revenue growth of 23%, with a steady increase since the early part of the year in licensed sales particularly in Eastern Europe and Duty Free.

WATCH: Zak Mir tips Distil shares to retest 2017 highs

Revenues rose to £818,000 (£666,000), while losses for the period narrowed to £21,000 (£66,000).

Distil increasingly is targeting festivals to boost brand awareness and doubled events marketing spending year-on-year.

A new Blackwoods vintage gin is also being developed to launch early in the next quarter.

Don Goulding, executive chairman, said growth had been strong year-on-year across the portfolio.

READ: Distil shares boosted by strong first quarter sales

"We are pleased to report that our key brands have outperformed each of their respective categories overall during the period."