AUSTRALIA: Winery profitability falls
By Tony Baker | 4 December 2003
Declining winery profitability is putting a brake on Australian vineyard expansion. Australian Wine and Brandy Corporation strategist Lawrie Stanford told a meeting organised by the AWBC in Adelaide the average rate of return on winery investments had slumped from 7.6% in 1997/98 to 4.2% in 2000/01.
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Declining winery profitability is putting a brake on Australian vineyard expansion. Australian Wine and Brandy Corporation strategist Lawrie Stanford told a meeting organised by the AWBC in Adelaide the average rate of return on winery investments had slumped from 7.6% in 1997/98 to 4.2% in 2000/01.
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