NZX-listed wine group lifts profit 20 percent on stronger sales
A New Zealand wine company has reported operating net profit of $61.5 million, up 20 percent year-on-year, and is reinvesting gains into the business.
An NZX-listed wine group has achieved a 20 percent increase in operating net profit after tax, reaching $61.5 million compared with the previous year. The improved results, driven by increased sales, have prompted the company to invest more back into its operations.
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RNZ
Increased sales see wine group pouring back into business
The NZX-listed company's operating net profit after tax was 20 percent ahead of last year, at $61.5 million.