Ontario's liquor store take tops $1.5-billion

Published on June 30, 2011

Ontario's alcohol retailer boasted another year of record profit in 2011, no doubt leaving many in the province's business community once again wishing they could get a piece of the lucrative action.

The LCBO posted final sales figures for the 2010-2011 fiscal year Thursday, with total revenue topping out at nearly $4.55-billion. The impressive top line was up $243-million or 5.6% from the year previous and helped to transfer a record $1.55-billion, not including taxes, to the government's coffers, a 9.9% increase from the fiscal 2009-2010.

It was the LCBO's 16 th straight year of record sales and also the 17th year in a row that it has increased the dividend paid to the government.

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