Delegat Group lifts 1H operating profit 9% to record $26.9 mln

Thu, 22 Feb 2018

By Rebecca Howard Feb. 23 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, lifted operating profit 9 percent in the first half due to the favorable impact of foreign change rate changes and increased in-market pricing and the company is upbeat about the full year. The Auckland-based company's operating profit lifted 9 percent to a record $26.9 million in the six months to Dec. 31 versus $24.7 million in the prior year. Operating revenue was up 1 percent to $136.9 million while operating earnings before interest and...

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