11:19 AM EDT, 05/09/2024 (MT Newswires) -- Corby Spirit and Wine (CSW-A.TO) on Thursday reported higher third quarter adjusted earnings, as earnings from operations almost doubled.

The company reported adjusted net earnings, excluding most one-time items, of $5.6 million, or $0.20 per share, up from $3.9 million, or $0.14, in the year-prior quarter.

Revenue was not disclosed.

Earnings from operations increased 91% to $9.2 million, from $4.8 million, the year before. Corby said the increase was due to strong revenue growth and contribution from ABG brands.

A dividend of $0.21 per share was declared, payable on June 12 to shareholders of record on May 29.

Corby's Class A shares were last seen down $0.12 to $13.26 on the Toronto Stock Exchange..

Price: 13.26, Change: -0.12, Percent Change: -0.90