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%.


Subscribe to Just Drinks

Join over 80,000 beverage industry professionals by unlocking full access for just $1 (plus VAT if applicable)


Already a Member? LOGIN HERE

Just Drinks membership gives you:

  • Unlimited access to Just Drinks content including in-depth analysis, exclusive blogs, industry executive interviews and management briefings
  • Unbeatable market coverage from wine and beer, to soft drinks
  • Unrivalled apparel industry comment from Olly Wehring, Andy Morton and leading industry analysts
Want multi-user access? Explore our multi-user & corporate memberships

70% of the beverage companies in the Forbes Global 2000 use Just Drinks

FIND OUT MORE