ADVERTISEMENT

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.


Filed Under :  
Topics : Business_Finance
Social :
Locations : Pennsylvania
People : Tom Corbett
A   A   A
 
The 11th Hour - Guests & Topics - July 28th - August 1st 2014
Monday July 28th Tuesday July 29th David Ickes Wednesday July 30th including The 30th Annual Blair County National Night Out Tuesday August 5th The Antique Depot, Duncansville Thursday July 31st Adam Conrad - Real...
Read More
Dial N Deal - Friday July 25th 2014
Dell Computer Monitor 25" flat screen, new/factory refurbished, works well - $50 Nissan Factory Alloy Wheels set of 4, 16", like new, taken off new vehicle for mod, fits Exterra and Pathfinder, model years 2005 and up - $350 OBO Scott, Altoona...
Read More
The 11th Hour - Guests & Topics - July 21st-25th 2014
Monday July 21st James B. Huntington, PH.D Choosing a Lasting Career The Job-by-Job Outlook for Work's New Age Work's New Age Blog Tuesday July 22nd David Ickes Wednesday July 23rd including "Weird Al" Yankovic on his new...
Read More