Australian Vintage Ltd. reported audited consolidated earnings results for the full year ended June 30, 2018. For the year, the company's revenue increased 17% or $38.2 million due to the continued growth in branded products and the sales mix has improved as the company continues to target higher margin sales and remove low margin or no margin sales. EBIT was $16.2 million compared to $11.3 million in the previous period, an improvement of 44%. Profit before tax was $11.165 million against $6.251 million a year ago. Net profit was $7.694 million against $4.303 million a year ago. The cash flow from operating activities was $26.7 million, $12.7 million above the prior period, During the year the company spent $19.5 million on capital projects that included a new bottling line at the Merbein Packaging facility and significant capital at the company's Buronga Hill Winery. Basic earnings Per share were 2.8 cents against 1.8 cents a year ago. Diluted earnings Per share were 2.7 cents against 1.7 cents a year ago. Net cash provided by operating activities was $26.667 million against $13.996 million a year ago. Payments for property, plant and equipment was $19.383 million against $12.073 million a year ago.

The company provided earnings guidance for the full year of 2019. Based on the GBP exchange rate remaining at around 56 pence and a normal 2019 vintage, the company expects result to be at least 10% up on this year's net profit after tax result.