Foley Family Wines Limited Announces Audited Group Earnings Results for the Year Ended June 30, 2018
August 23, 2018 at 12:26 am EDT
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Foley Family Wines Limited announced audited group earnings results for the year ended June 30, 2018. For the year, the company reported revenue of NZD 42,078,000 against NZD 38,037,000 a year ago. Operating profit before interest, impairment, revaluations and income tax was NZD 3,869,000 against NZD 6,110,000 a year ago. Operating profit before impairment, revaluations and income tax was NZD 2,789,000 against NZD 4,984,000 a year ago. Operating profit before revaluations and income tax was NZD 2,752,000 against NZD 4,979,000 a year ago. Profit before income tax was NZD 2,642,000 against NZD 3,983,000 a year ago. Profit for the year net of tax, attributable to shareholders of the parent company was NZD 1,805,000 against NZD 3,056,000 a year ago. Diluted earnings per share (after tax) were NZD 3.00 against NZD 5.09 a year ago. Net cash flow from operating activities was NZD 7,175,000 against NZD 3,503,000 a year ago. Purchase of property, plant and equipment and biological assets-excluding earthquake related items was NZD 2,121,000 against NZD 1,718,000 a year ago. Operating Profit before interest, impairment, revaluations, income tax & depreciation (Operating EBITDA) was NZD 6,523,000 against NZD 8,657,000 a year ago. Net tangible assets per share as on 30 June 2018 were NZD 1.56 against NZD 1.50 as on 30 June 2017.
Foley Wines Limited is a New Zealand-based integrated wine company producing table wines with the marketing and sales of premium wines in New Zealand and various export markets. The Company operates in the wine industry. The Company offers various wine brands, including Te Kairanga, Vavasour, Mt Difficulty, Russian Jack, Dashwood by Vavasour, Roaring Meg, Grove Mill, Martinborough Vineyard, Lighthouse Gin, Sanctuary, Te Tera, Goldwater, Boatshed Bay, Clifford Bay, And The Pass. The Companyâs vineyards are located in Marlborough, Martinborough and Central Otago, New Zealand. The Company sells its products in New Zealand, Australia, the United States of America, Canada, the United Kingdom, Europe and rest of the world. The Companyâs subsidiaries include Vavasour Wines Ltd, Goldwater Wines Ltd, Clifford Bay Wines Ltd, Te Kairanga Wines Ltd, Grove Mill Wine Company Ltd, Sanctuary Wine Company Ltd, Martinborough Vineyard Wines Ltd and The New Zealand Wine Company Ltd.