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Article: AUSTRALIA'S CRANSWICK PREMIUM WINES TARGETS US$30.9 MLN REVENUE.
- Article from:
- AsiaPulse News
- Article date:
- March 13, 2002
CopyrightCOPYRIGHT 2002 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, March 13 Asia Pulse - Cranswick Premium Wines Ltd (ASX:CEW) is targeting $A60 million ($US30.96 million) in revenue for 2001/02 after reporting a one per cent rise in half year net profit today.
The Sydney-based wine company posted a $A1.16 million ($US598,560) net profit, up from $A1.15 million ($US593,400) previously.
Cranswick said the result includes a tax benefit of $A1.79 million ($US923,640) and a profit of $A1.29 million ($US665,640) from the sale of Haselgrove Premium Wines.
Cranswick, with wineries in New South Wales, Victoria and South Australia, has included a doubtful debt provision of $A2 million ($US1.03 million) after ...