For fiscal year 2023, alcohol and cannabis sales totalled $349.3 million compared to $318.9 million in 2022.
The Newfoundland Labrador Liquor Corporation released results for the fourth quarter which ended April 1st, and it’s no April Fools day joke, but sales are up nearly 16 percent. NLC reported net earnings for the quarter of $39.9 million, an increase of $5.4 million. Net earnings for fiscal year 2023 totalled $201.2 million, an increase of $0.4 million or 0.2% from 2022. The dividend paid by NLC to the Government of Newfoundland and Labrador totaled $40 million for the quarter, $1.8 million higher than Q4 of the prior year. This brings the dividend remitted for the fiscal year to $208 million, $2 million lower than the same period one year ago. The difference is due to many factors, namely the new collective agreement and an increase in commissions to support licensed cannabis retailers, as well as increased freight and security costs during the year. For fiscal year 2023, alcohol and cannabis sales totalled $349.3 million compared to $318.9 million in 2022.
Corner Brook getting ready to roll out garbage trucks with collection arms in the new year
Government gives green light to Indian Head Hatchery expansion in Stephenville
$10,000 grants available for projects on addiction prevention and positive mental health
RNC looking for information after a woman was choked by a man in Lark Harbour
A motorcycle crash in Stephenville on Sunday leads to an impaired charge for a 46-year-old man
