Delegat lifts profit 15% in 2018, sees rising case sales out to 2021

Thu, 23 Aug 2018

By Sophie Boot Aug. 24 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, lifted profit 15 percent in 2018, boosted by a revaluation of its biological assets, and confirmed its growth outlook for the next three years. Net profit was a record $46.8 million for the year ended June 30, on an 8 percent lift in revenue to $272.1 million. In July, the company said unaudited operating profit for the year would be $44.9 million, a figure it confirmed today. The bottom line was boosted by the fair value of the company's gra...

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