Delegat beats case sales goal, lifts profit guidance

Mon, 17 Jul 2017

By Sophie Boot July 17 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, has lifted its operating profit guidance after a record year for case sales. The Auckland-based winemaker, whose brands include Oyster Bay, is now projecting $38.5 million in net operating profit for the year ended 30 June 2017, from $37 million in 2016. The company has achieved record case sales of 2.656 million cases, it said, ahead of its targeted 9 percent increase in global case sales to 2.632 million cases in the 2017 financial year. Th...

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