Foley Family Wines returns to first-half profit as sales climb 21%

Tue, 27 Feb 2018

By Paul McBeth Feb. 27 (BusinessDesk) - Foley Family Wines returned to a first-half profit as the food and beverage firm controlled by US businessman Bill Foley lifted sales 21 percent and didn't face a repeat of Kaikoura earthquake-related costs. The Marlborough-based company reported a profit of $298,000, or 0.5 cents per share, in the six months ended Dec. 31, turning around a loss of $323,000, or 0.54 cents, a year earlier, it said in a statement. The year-earlier result was weighed down by a $989,000 charge on damage caused to its G...

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