Toronto, Ontario – The LCBO reports financial revenues of $5.89 billion, marking net sales growth of 5.8 per cent, the LCBO transferred a dividend of $2.06 billion* to the Ontario government for the 2016-17 fiscal year – an increase of $125 million from fiscal year 2015-16.
The report states sales of local craft beer were $88.5 million, up more than 27.6 per cent over the previous year.
Key net sales figures by category (excluding Private Ordering) were:
- Spirits $ 2.24 billion, up 5.1 per cent
- Beer & Cider $ 1.29 billion, up 9.9 per cent
- Wine including VINTAGES $ 2.04 billion, up 3.9 per cent
- Gift Cards $ 105.1 million up 11.9 per cent
The complete LCBO highlights for the 2016-17 fiscal year results can be found here.