NZ Wine Co profit rises

Friday 9th August 2002

The New Zealand Wine Company, formerly Grove Mill Wines, posted a 43% higher, $1 million, June-year profit on revenue of $6.8 million and said its 1227 tonne 2002 harvest was up 48%.

It announced a one-for-eight rights issue at $2 to fund expanded winery capacity, working capital and vineyard development.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

DGL - T&G appoints new Director
TEM - Transaction in Own Shares
Fonterra lifts FY25 earnings guidance
Fonterra releases divestment roadshow presentation
March 10th Morning Report
NZM - Update on director nominations and shareholder proposal
2 Cheap Cars secures new finance facility with ANZ Bank
March 7th Morning Report
FPH enters into construction contract for fifth NZ building
March 6th Morning Report