Wine company profit up

The New Zealand Wine Company Ltd reported a $1.35 million profit before asset adjustments in the year to June 30, up 41 percent on the same period last year.

The net profit, including unrealised asset adjustments, of $2.04m was up from $1.17m last year.

Revenue of $11.98m was up 6 percent and a final dividend of 5 cents a share was declared payable on September 26.

NZPA