PHILLYBURBS / AP: …Robust sales and cost controls generated net income of $128.4 million in the year that ended June 30 — an increase of $24.9 million, or 24 percent, over the previous year, the board said.
Revenue from the more than 600 state stores — the board is gradually “rebranding” them as Fine Wine & Good Spirits stores — reached nearly $2.2 billion for the year, a 4.5 increase that the board said is also a record. Retail wine sales showed the strongest growth, a 6 percent increase, thanks in part to the Chairman’s Selection program.
The positive figures were released in the aftermath of a major but so far unsuccessful effort by Gov. Tom Corbett and fellow Republicans who control the Legislature to privatize liquor and wine sales that the state has controlled since 1933… (more)
