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Article: AUSTRALIA'S COCKATOO RIDGE WINES KEEN TO EXPAND GLOBALLY.
- Article from:
- AsiaPulse News
- Article date:
- March 4, 2003
CopyrightCOPYRIGHT 2003 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 4 Asia Pulse - The global popularity of Australian wine should help fledgling vintner Cockatoo Ridge Wines Ltd (ASX:CKR) push its own brand into overseas markets.
The company already has a small presence in the United States and is trying to break into the lucrative United Kingdom market.
Cockatoo posted a net profit of A$1.55 million (US$951,000) for the six months ended December 31, 2002.
The company bought the Cockatoo Ridge label from Yalumba last year and floated it in February 2002 as a separate entity, raising $32 million.
When its first half result is added to the five months trading in the previous half, ...