Corby Spirit and Wine Ltd T.CSW.A

fiscal 2022 second quarter results and announces dividend

[Betteryear2]

TORONTO, ON, Feb. 10, 2022 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today released its fiscal 2022 second quarter results for the period ended December 31, 2021.

Quarterly Dividend declared of $0.24/share +14% vs last year.

Strong Q2 performance with Adjusted Revenue +9% vs last year (Reported Revenue +7%).

H1 Adjusted Revenue flat year on year (Reported Revenue -2%).

Quarterly dividend

The Corby Board of Directors is pleased to declare a dividend of $0.24 per Voting Class A Common Shares and Non-Voting Class B Common Shares of the Company, in line with our dividend policy. This dividend is payable on March 4, 2022 to shareholders of record as at the close of business on February 24, 2022.

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The H1 numbers compare favourably to the pre-pandemic results. I'll take it, and the 0.24 dividend too. >>>H1 Adjusted Net Earnings declined -8% compared to an exceptionally high comparative base last year but showed strong growth versus pre-pandemic H1 fiscal year 2020 with a CAGR of +9.5%. (Reported Q2 Net Earnings grew +13%, Reported H1 Net Earnings declined -15%, CAGR of +5.4% vs