Evans & Tate has posted a slight rise in H1 net profit. The winemaker said late last week that net profit for the six months to 31 December was up by only 2% to A$2.1m (US$1.7m) from A$2.06 in the corresponding period a year earlier.

The company said the rise was so small following a one-off charge related to the acquisition of its eastern Australian distributor, Wine Source.

Net profit before one-off items was up by 48%, however, to A$3.04m thanks to stronger sales volumes.