Delegat Group Limited Announces Unaudited Earnings Results for the Six Months Ended December 31, 2018; Provides Earnings Guidance for the Full Year 2019
February 25, 2019 at 05:05 am EST
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Delegat Group Limited announced unaudited earnings results for the six months ended December 31, 2018. For the period, the company reported revenue of NZD 144,339,000 as compared to NZD 127,629,000 a year ago. Profit for the Period attributable to Shareholders of the Parent Company was NZD 25,310,000 as compared to NZD 19,434,000 a year ago. Basic and fully diluted earnings per share were NZD 25.03 as compared to NZD 19.22 a year ago.
The Group forecasts to achieve global case sales for the full year of 3,040,000, up 11% on last year. Based on the prevailing exchange rates, the Group forecasts a 2019 operating profit result of at least NZD 50.3 million, up on last year's record performance by 12%.
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.
Delegat Group Limited Announces Unaudited Earnings Results for the Six Months Ended December 31, 2018; Provides Earnings Guidance for the Full Year 2019
DELEGAT GROUP LIMITED 
