The Newfoundland and Labrador Liquor Corporation is reporting net earnings of $61.2 million in the third quarter, an increase of $3.1 million over the same period last year.

NLC President Bruce Keating is pleased with the numbers with overall liquor store sales up 5.4 per cent over the same time last year.

Demand for Ready-to-Drink Products Increases Dramatically

Keating notes greater interest in so-called ready-to-drink beverages, with sales jumping by 16.4 per cent. He expects so see increased interest in that market in the year ahead.

“Those are the single-serve cans that you see a lot of,” says Keating. “That’s continued to be a high-growth area, not just in this province, but elsewhere and so far this year, that ready-to-drink category is up by almost 21 percentage points.”