News

AUSTRALIA: Xanadu future strong despite profit fall

Most popular

Why Diageo is winning the Tequila race

Will Diageo earn its gin wings with Aviation?

Anheuser-Busch InBev in 2020 - results preview

Spirits brand owners and their green efforts

Interview - Eminente rum brand director

MORE
Despite an interim profit fall of 66%, the future of Western Australian based Xanadu Wines was strong, chief executive Andrew Moore said.

The listed company reported a first half net profit of A$215,000 (US$137,600) down from A$632,000 for the same period last year but revenue almost doubled to A$10.6m.

Moore said the profit fall was the result of one-off costs following last year's acquisitions of Normans Wines and Next Generation Wines. In a global market where heavy discounting was prevalent, Xanadu had maintained its premium focus, Moore said.


Related Content

PepsiCo's Frutly juice drink - Product Launch

PepsiCo's Frutly juice drink - Product Launch...

Heineken, The Coca-Cola Co end Brazil spat with distribution revamp

Heineken, The Coca-Cola Co end Brazil spat with distribution revamp...

How Pepsi Zero Sugar ads target total consumer customisation - focus

How Pepsi Zero Sugar ads target total consumer customisation - focus...

Bacardi's Grey Goose Essences - Product Launch

Bacardi's Grey Goose Essences - Product Launch...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?