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Article: AUSTRALIA'S CRANSWICK PREMIUM WINES POSTS US$1.56 MLN FY PROFIT.
- Article from:
- AsiaPulse News
- Article date:
- September 12, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELBOURNE, Sept 12 Asia Pulse - Cranswick Premium Wines Ltd (ASX:CEW) expects a pick up in profits this year after a 56 per cent slump in its 2000/01 result.
Cranswick managing director Graham Cranswick-Smith said the company would focus on the high volume global market segment after selling its Haselgrove business in July for A$19 million (US$9.83 million).
The wine group posted a A$3.02 million (US$1.56 million) net profit for the year to June 30, 2001, down from the A$6.82 million (US$3.53 million) posted in the previous year which was boosted by a A$1.8 million (US$931,320) extraordinary gain.
That was despite a nine per cent increase in ...