Subscribe today - find out more
Why you should consider BusinessDesk
Markets

Winemakers see off shipping bottlenecks with corker earnings

Paul McBeth
Fri, 27 Aug 2021

Delegat still managed to grow sales in North America. (Image: supplied)
Paul McBeth
Fri, 27 Aug 2021
Winemakers Delegat Group and Foley Wines both notched up record operating profits in the June 2021 year despite the snarling up of global shipping, but a smaller harvest has them tempering expectations for the coming year.Delegat reported an operating profit – which strips out the impact of grape and derivative revaluations – of $65.5 million in the 12 months ended June 30, up 8% from a year earlier, and while revenue was flat at $302.7m. Meanwhile, the smaller Foley Wines lifted operating profit 3.7% to $8m on a 3.8% increase...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure
Climate denial, democracy and Vector: inside the Entrust election
Ian Llewellyn | Tue, 19 Oct 2021

Climate change and dividends are the central issues in yet another bitterly divided election, to which most voters are unlikely to pay any attention.

Coronavirus
New 3-storey planning rules, shorter MIQ in prospect this week
Pattrick Smellie | Tue, 19 Oct 2021

Also expected this week is an announcement from covid response minister Chris Hipkins to reduce managed isolation and quarantine stays from 14 days to nine.

Technology
International vax certificate will work with airlines' travel app
Henry Burrell | Tue, 19 Oct 2021

New Zealand’s international vaccine certificates will be based on the EU standard.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.