Vodka maker narrows losses

City A.M. Reporter
BLAVOD Wines & Spirits yesterday posted operating losses of £229,000 for the six months to 30 September, halving losses as profits from its owned brands rose by 21 per cent.

The owner of Blackwoods gin and Blavod Black Vodka reduced financing costs by 68 per cent during its first half and slashed staffing costs by 15 per cent, and said it was optimistic about growth in the premium sector after several larger brands announced investment into their premium offerings.