Delegat first-half operating profit rose 1% to $20.5 mln, reiterates full-year guidance

Mon, 09 Feb 2015

Feb. 10 (BusinessDesk) - Delegat Group, New Zealand's largest listed wine company, said first-half operating profit rose 1 percent and it's on track to meet guidance for full-year case sales and earnings. Operating profit was $20.5 million in the six months ended Dec. 31, from $20.2 million a year earlier, the Auckland-based winemaker said in a statement. Global case sales rose 4 percent to 1.13 million. Net profit for the period tumbled to $9.8 million from $17.8 million a year earlier, reflecting fair value changes to the value of derivati...

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