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PLCB Reports Record $128M In Profits



The Pennsylvania Liquor Control Board is reporting record profits for the fiscal year that ended June 30.
 
The board said Monday that robust sales and cost controls resulted in net income of $128.4 million. That's an increase of $24.9 million, or 24 percent more than the previous year's.
 
The board says revenue from its Fine Wine & Good Spirits stores reached nearly $2.2 billion for the year, a 4.5 increase. It says retail wine sales showed the strongest growth, a 6 percent increase, thanks in part to the Chairman's Selection program.
 
The rosy figures come in the aftermath of an unsuccessful effort by Gov. Tom Corbett and fellow Republicans who control the Legislature to privatize liquor and wine sales in Pennsylvania after 80 years of state control.


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Topics : Business_Finance
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Locations : Pennsylvania
People : Tom Corbett
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