AUSTRALIA: BRL Hardy comfortable with forecasts
Millar said it was “steady as she goes” and said production translated to a 15% growth in annual profit.
He was comfortable with analysts#; forecasts of a full year A$89m (US$44m). Exports to Europe now generated more than 50% of group profit.
Within Europe, Germany would be the company#;s number one strategic corporate priority. Substantial growth would also come from the Nobilo wine company and its own brands in New Zealand. Millar said the company would spend NZ$80m (US$33m) in expanding vineyards and wineries in New Zealand, concentrating on Sauvignon Blanc in the Marlbororough region for export.
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