UPDATED Delegat’s 1H earnings fall 7.6 percent as UK, Europe sales drop

Wed, 26 Feb 2014

(Adds investor comment in 6th par and subsequent, share price) By Suze Metherell Feb. 27 (BusinessDesk) - Delegat’s Group, the winemaker which last year bought Australia’s Barossa Valley Estate, said first-half profit fell 7.6 percent as sales drop in the UK and Europe and costs rose. Net profit was $17.8 million for the six months ended Dec. 31, down from $19.3 million a year earlier, the company said in a statement. Sales slipped 1.8 percent to $121 million, although overall revenue rose to $130 million from $129 million including fair va...

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