Delegat shares jump as investors see upside to record sales

Delegat shares jump as investors see upside to record sales
Dan Brunskill
Delegat Group shares jumped as investors predict the winemaker played down its outlook after reporting a record first-half result.  The New Zealand winemaker reported an operating profit of $34.4 million in the six months ended Dec. 31, up from $31.4 million a year earlier, as revenue rose 10 percent to $156.7 million. It sold a record volume of 1.7 million cases, and said it was on target to lift annual case sales 8 percent to 3.2 million.  The shares rose 5 percent to $11.10, outperforming the wider market with the benchmark S&P/NZX 50...

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