Foley Wines has reported a positive result with continued premiumisation, despite global challenges.
Case sales are down 1%, while bottled sales revenue, operating earnings, reported profit after tax, operating EBITDA and operating cashflow are all up.
The Company continues to focus on finding new routes to market for its brands globally and is on track to deliver an operating profit in line with last year’s result.
A key focus is increased productivity in the vineyards, achieved through investment in new vines and equipment.
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