Liquor Control Board reports record profits

Written by The Associated Press | Aug 5, 2013 2:04 PM
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(Harrisburg) -- The Pennsylvania Liquor Control Board is reporting record profits for the fiscal year that ended June 30th.

The board says 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 income.

The board says revenue from its Fine Wine & Good Spirits stores reached nearly $2.2 billion for the year, a 4.5 percent increase. t says retail wine sales showed the strongest growth, a 6 percent increase.

The rosy figures come in the aftermath of an unsuccessful effort by Governor 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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