CORRECT Delegat’s lifts first-half profit, selling more wine while keeping expenses in check

Mon, 25 Feb 2013

(Fixes stock price in final paragraph) Feb. 26 (BusinessDesk) – Delegat’s Group lifted first-half profit by 31 percent after increasing sales of wine in North America and Europe and keeping expenses in check. Profit rose to $19.3 million, or 19.04 cents a share, in the six months ended Dec. 31, from $14.7 million, or 14.45 cents, a year earlier, the Auckland-based company said in a statement. Revenue climbed 1 percent to $129.1 million. The company lifted total case sales by 7 percent to 1.09 million in the first half, with the strongest gro...

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