Delegat's Group says unaudited operating net profit in year to June up 17% on year

Mon, 16 Jul 2018

By Rebecca Howard July 16 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, said its operating net profit in the year to June lifted 17 percent to a record $44.9 million, underpinned by record global case sales, lower cost of sales per case, higher yielding 2016 and 2017 vintages and lower financing costs. The Auckland-based company said its unaudited operating net profit for the year to June 30 was achieved on global case sales of 2,736,000 for the year, up 3 percent on the previous year. While the global case sale...

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