11:35 AM EST - Corby Distilleries Ltd. : announced a decline in second quarter net income to $8.1 million or $0.28 per share, compared to $10.7 million or $0.37 per share last year. Excluding items, net income came in at $9.1 million or $0.32 per share. Revenue for the quarter was $47.8 million, compared to $48.8 million a year ago. For the first half of the fiscal year, the company recorded a net income of $17.9 million or $0.63 per share, compared to $19.9 million or $0.70 per share in the previous year. On an adjusted basis, net earnings would have increased by three per cent as compared to the prior year. Revenue for the first half was $93.9 million, compared to $90.7 million in the previous year. Corby Distilleries Ltd.
shares T.CDL.A are trading even at $15.00.
