Delegat profits up 37%

Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and derivatives, which increased profit by $3.3 million this year but had reduced earnings by $4 million the year before. Delegat said it had achieved record case sales, up 9 percent to 3.3 million cases, a touch above its February guidance of 3.2 million case sales. Unaudited operating profit after tax was $60.8 million, up 20 percent on last year's ...

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