AUSTRALIA: E&T not alone in tough times

By Tony Baker | 30 June 2005

The Australian Winemakers Federation has warned that beleagured Western Australian producer Evans & Tate is not alone in a struggle to stay afloat during tough times. Evans & Tate returned to stock exchange listing this week after reporting an expected loss of A$7.5m for the financial year and a A$10m write down in wine inventory.

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The Australian Winemakers Federation has warned that beleagured Western Australian producer Evans & Tate is not alone in a struggle to stay afloat during tough times. Evans & Tate returned to stock exchange listing this week after reporting an expected loss of A$7.5m for the financial year and a A$10m write down in wine inventory.

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