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Last Updated: Monday, 15 November, 2004, 10:26 GMT
Majestic toasts 27% profits rise
Majestic warehouse
Majestic has seen 11 years of growth
Majestic Wines has seen its half-year profits increase by 27%, helped by demand for wine from Italy and Chile.

Sales reached �74.6m in the six months to September, up from �69.1m on last year, as the Watford-based firm marked up its eleventh straight year of growth.

Majestic said that the number of people on its database to buy drinks over the last year rose 8.7% to reach 337,000.

And its sales in outlets in Calais and Cherbourg rose by 2.8%, despite a drop in British shoppers visiting France.

"We are very pleased by Majestic's continued progress and see considerable opportunities for further growth, " chief executive Tim How said.

The average price of a bottle of wine climbed to �5.46 from �5.31 a year ago, while customers spent on average �110 per transaction, instead of �104 in 2003.

Over the period, three new stores opened in Inverness, Covent Garden and Chippenham. Another three opened this month at Marlborough, Ruislip and High Wycombe.

Shareholders will receive an interim dividend of 1.5p a share, an increase of a third on last year.


SEE ALSO:
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