Australian Vintage posts $7.7 million net profit

South Australian wine company Australian Vintage has posted a net profit of $7.7 million on revenue of over $264 million. The result marks an increase of 79 per cent and 16.9 per cent from last year with an aim to increase their footprint globally for all brands. Australian Vintage Chief Executive Neil McGuigan has told Sky News Business the brand is evolving from a bulk wine producer to a quality branded wine company.

from Finance – syndicated | Daily Telegraph https://ift.tt/2NCIxes