Delegat said it had achieved record case sales. Photo / 123RF
Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 per cent to $64.1 million, the company reported.
The figure includes fair value movements in its vines and derivatives, which increased profit by $3.3 million this year but had reduced earnings by $4 million
the year before.
Delegat said it had achieved record case sales, up 9 per cent to 3.3 million cases, a touch above its February guidance of 3.2 million case sales.
Unaudited operating profit after tax was $60.8 million, up 20 per cent on last year's $50.8 million, and exceeding analysts' forecasts of $54.2 million.
Earlier this month, Delegat appointed a former managing director of the company, Graeme Lord, to the board.