Distil plc (GB:DIS) has released an update.
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Distil plc has reported a challenging six months ending September 2024, with a 38% drop in revenues to £393k and a 44% decline in gross profit. Despite these setbacks, the company has launched new products like Blackwoods First Drop Gin and invested significantly in brand marketing, aiming for a turnaround during the upcoming festive season. The recent £0.65m equity fundraise is intended to support working capital and brand development, signaling a cautious yet optimistic outlook for the future.
For further insights into GB:DIS stock, check out TipRanks’ Stock Analysis page.
