The Société des alcools du Québec (SAQ) posted Friday net income up 8.6% for its most recent quarter, while its sales rose 7.8%.
The crown corporation attributed the improvement in particular to the easing of sanitary measures during the quarter ended September 11, which led to increased footfall in bars and restaurants, in addition to creating more occasions to celebrate. within families and groups of friends.
The SAQ’s second quarter net income was $ 337.7 million, up $ 26.7 million from last year, while revenues reached $ 928.1 million, or $ 67.1 million. more than during the same period in 2020.
SAQ’s net expenses climbed 4% from last year to $ 129.7 million, but the net expense ratio, which expresses these expenses as a percentage of revenue, fell to 14.0% , compared to 14.5% in the previous second quarter.
Sales of the network of branches and specialized centers of the SAQ advanced 9.8% to 859.1 million in the most recent quarter, while sales volumes reached 48 million liters, or 7.4% more than at the same time last year.
In addition, online sales increased 26.6% year on year to 21.4 million. They thus represented 3.0% of sales made to consumers.