Delegat continues to invest after record year

Delegat continues to invest after record year
Victoria Young
By Victoria Young Aug. 23 (BusinessDesk) - Delegat Group, New Zealand’s biggest listed winemaker, lifted operating net profit by 14 percent in the June 2019 year, but indicated it was unlikely to make further gains next year.  The winemaker, whose stable includes the Oyster Bay brand, posted a record operating net profit of $51.4 million for the 12 months to June 30. The earnings measure strips out movements in the fair value of its grape inventory and derivatives.  Delegat posted operating earnings before interest, tax depreciation an...

More Retail

Kitchen Things on brink, $16.6m owed: Administrators
Retail

Kitchen Things on brink, $16.6m owed: Administrators

The retailer made a $4.7m loss in the year to March 2025.

Gregor Thompson 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025
The quiet rise of ‘ghost brands’
Retail

The quiet rise of ‘ghost brands’

About 90% of the 80-odd Pita Pit stores now have virtual brands operating in them.

Gregor Thompson 17 Sep 2025
‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025