A group of smaller publicly listed Australian wineries reported mixed fortunes
and forecasts to shareholders yesterday.
AUSTRALIA: Cranswick profits halved as Aussie producers report mixed results
A group of smaller publicly listed Australian wineries reported mixed fortunes and forecasts to shareholders yesterday. Cranswick Wine Estate saw its net profits halved to A$3m (US$1.54m), following the loss of a contract to produce Cinzano and asset sales. The profit downturn was despite a 9% increase in revenue to A$60.382m, mainly from continuing success in the UK and other European markets.