Majestic Wine uncorks record profits

Wine merchant Majestic Wine served up record annual pre-tax profit as consumers celebrated events such as the Royal Wedding with a good bottle of wine.

Wine merchant Majestic Wine served up record annual pre-tax profit as consumers celebrated events such as the Royal Wedding with a good bottle of wine.

Pre-tax profit rose to £23.2m in the 53 weeks ended 2 April 2012 from £20.3m the same time a year earlier. Total sales were up 8.9% to £280.3m, just below forecasts of £281.4m. Like for like sales in UK retail stores rose 2.6%.

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