Delegat lifts first-half profit 5% as wine sales rise to a record

Thu, 25 Feb 2016

By Tina Morrison Feb. 26 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, boosted first-half operating profit 5 percent as wine sales rose to a record. Profit excluding one-time movements in the value of its assets rose to $21.5 million in the six months ended Dec. 31, from $20.5 million in the year earlier period, the Auckland-based company said in a statement. Net profit almost doubled to $19.2 million, or 18.95 cents per share, from $9.8 million, or 9.67 cents, the year earlier as the company's vines, grape...

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