AUSTRALIA: Simeon Wine's fortunes drop 5%
Major Australian bulk producer, Simeon Wines, dropped 5% in post-tax profit to $A18.2m in 1999-2000 but MD, Neil McKenzie, says that immediate prospects are bright with a 12%-15% profit forecast for the current year."Demand is as buoyant as it has ever been with major clients looking to do more business," he said after announcing a 17% increase in revenues to $A115m.EBIT fell 3% to $A28.6m with EBIT of winery operations $A8m higher but EBIT of vineyard sales being $A8m lower because the poor vintage meant minimal returns from sales of grapes, usually 10,000 tonnes.Direct sales to UK outlets, following the appointment of a UK sales manager, had lifted 25%.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- AB InBev, SABMiller - Here's what'll happen next
- Is time right for TWE to move for Diageo's wines?
- Is Brown-Forman at the end of the SoCo road?
- Will a sexed-up SABMiller tempt AB InBev?
- Making consumers the centre of your business
- AB InBev makes formal offer for SABMiller
- Diageo secures Xerox Corp CFO as finance head
- Tesco pulls several Carlsberg SKUs in UK
- Diageo makes US$780.5m beer deal with Heineken
- SABMiller formally rejects AB InBev's offer
- The IWSR Duty Free/Travel Retail Summary Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research