AUSTRALIA: Wine investment fund loss in line with expectations

Australia's Wine Investment Fund (WIF) Limited has announced that it made a loss of A$30,000 (WIF) for the half year to 31/12/2001, a result it said was in line with its expectations. "The result of a loss of is in line with our forecasts as we continue to diversify the company and its investments. It should also be noted that shareholders funds have increased by $373,650 (or 4.2 cents per WIF share) principally as a consequence of the increase in value of our interest in Dromana Estate Ltd over the period," the Fund said in a statement.