AUSTRALIA: Orlando Wyndham profits up on Jacob's Creek success
Surging worldwide sales of its Jacob's Creek brand was the main reason for a 54% increase in profit for Australia's Orlando Wyndham group, a subsidiary of the French Pernod Ricard conglomerate. Orlando Wyndham managing director Christian Porta said hedging policies would compensate for the effect of the resurgent Australian dollar - currently US55.6 cents - though in the long term a higher Australian dollar would have implications for the whole industry.
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