Liquor Group Wholesale Reports Profitable Year

Liquor Group Wholesale, Inc. (LIQR) announced its unaudited results for the fiscal 2010 year, ending August 31, 2010.

Fiscal year net income is estimated to be $2.2M or $0.20 basic weighted earnings per share before non-cash expenses, more than 300% greater than last years results. The Company enjoys all profits through the use of a $25 million net operating tax loss captured in the merger of August 2007, an asset utilized to offset tax due on net profits every quarter.

Key Financials:

Key financial highlight estimates for fiscal 2010 include:

Gross margin of 38.8% (More than 100% increase from FY 2009)
Net income of 40.2% (More than 100% increase from FY 2009)
Current liquid ratio of +2.22 (20% increase from FY 2009)