Australian Vintage Ltd Announces Production Results for the Year 2018; Announces Sales Results for the Period Ended of April 2018; Provides Earnings Guidance for the Year 2018
For the year, the company reported total sales to the end of April 2018 are 20% above last year due to increased sales of 3 key brands. The company continued focus on these three brands is continuing to drive sales growth with McGuigan sales up 13% on last year, Tempus Two up 40% and Nepenthe up 21%.
For the year, the company expected net profit after tax will be between $7.0 million and $7.5 million.