Delegat Group Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2016
August 25, 2016 at 05:11 pm EDT
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Delegat Group Limited announced audited consolidated earnings results for the year ended June 30, 2016. For the year, the company reported revenue of NZD 254,374,000 compared to NZD 231,152,000 a year ago. Operating EBIT was NZD 61.4 million compared to NZD 57.3 million a year ago. Operating NPAT was NZD 37.0 million compared to NZD 34.4 million a year ago. Operating EBITDA was NZD 73.0 million compared to NZD 69.0 million a year ago. Profit before income tax was NZD 75.360 million compared to NZD 45.756 million a year ago. Profit for the year attributable to shareholders of the parent company was NZD 53.990 million or 53.39 cents per diluted share compared to NZD 32.523 million or 32.16 cents per diluted share a year ago. Net cash inflow from operating activities was NZD 42.451 million compared to NZD 36.509 million a year ago. Purchase of property, plant and equipment was NZD 111.883 million compared to NZD 67.923 million a year ago. Purchase of biological assets was NZD 1,094 million compared to NZD 1.815 million a year ago. Purchase of intangible assets was NZD 2.26 million compared to NZD 1.666 million a year ago. As at June 30, 2016, the company’s net tangible assets per share was NZD 3.07 compared to NZD 2.67 a year ago. Net debt was NZD 282.7 million at June 30, 2016, an increase of 40% over last year.
Delegat Group Limited is a New Zealand-based wine company. The Company invests in wineries and vineyards in the prime grape growing regions of New Zealand and Australia. Its segments include Delegat Limited, Delegat Australia Pty Ltd, Delegat Europe Limited, Delegat USA, Inc. and Other Segments. Its wine brands include Oyster Bay, Barossa Valley Estate and Delegat. Its Oyster Bay brand wines include Oyster Bay Marlborough Sauvignon Blanc, Oyster Bay Marlborough Chardonnay, Oyster Bay Hawke's Bay Pinot Gris, Oyster Bay Marlborough Pinot Noir, Oyster Bay Marlborough Rose, Oyster Bay Hawke's Bay Merlot, Oyster Bay Sparkling Cuvee Brut and Oyster Bay Sparkling Cuvee Rose. Its Barossa Valley Estate brand wines include Shiraz, Grenache Shiraz Mourvedre, Cabernet Sauvignon, Malbec, Rose and Grenache. Its Delegat wines include Sauvignon Blanc, Chardonnay, Pinot Noir and Merlot. It sells and markets its products in New Zealand, Canada, United States, Europe, Asian and Pacific Island markets.