“The company has concentrated on international expansion, the development of export markets and the creation of strong distribution networks,” said Xanadu’s managing director, Andrew Moore.
AUSTRALIA: Profit surges at Xanadu
The Western Australian wine company, Xanadu Wines Ltd, posted net profit of A$2.15m ($1.2m) for the year to the end of June 2002, representing an increase of 183% from the previous year. The surge in profits was attributed to an increase in exports and the addition of acquisitions in South Australia.