NEW ZEALAND WINE CO. POSTS HIGH VOLUME SALES

The New Zealand Wine Company has made a profit of A$413,000 for the half year to December, a 4.1% increase from last year. Chairman Mark Peters said the growth is mostly due to a 9.8% rise in gross revenue to A$4.62 million. Mark says, “Such volume of sales, even despite the high dollar levels, have enabled the company to continue to invest in brand building.”