The Virginia Alcoholic Beverage Control Authority had gross revenue of $1.5 billion and $243.4 million in profits in fiscal year 2024, the authority announced Thursday.

Those profits are $4 million greater than the amount that was set in the state’s revised biennial budget, according to an ABC news release. The fiscal year ended June 30.

ABC revenues include the sale of distilled spirits, Virginia wines and mixers and the collection of license fees and other miscellaneous revenues.

Read the full story in the Richmond Times-Dispatch.