AUSTRALIA: De Bortoli annual profits up by a third
De Bortoli has posted a 30% rise in profits. The privately-owned Australian winery saw profits in the year to 30 June 2004 increase to A$17m (US$13.1m) on revenue of A$148.2m (US$114.5m).
The figures were published in accounts lodged with the Australian Securities and Exchange Commission. The company's 2003 profit was A$13m (US$10m).
De Bortoli is a major producer in the Riverina district of New South Wales and the Yarra Valley in Victoria as well as the Hunter in NSW and King Valley in Victoria.
Managing director Darren De Bortoli said a focus on costs had swelled profits.
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