Delegat lifts full-year earnings guidance on sales growth, weaker kiwi dollar

Tue, 05 Dec 2017

By Jonathan Underhill Dec. 5 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, lifted its 2018 earnings guidance, saying it's benefiting from sales growth and a weaker kiwi dollar. Operating profit in the 12 months ending June 30, 2018, is expected to be $40.7 million, the company told shareholders at their annual meeting in Auckland today. That's up from the forecast it gave with the release of its 2017 results in August when it said operating profit would be in line with 2017's record $38.5 million. Delegat is o...

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