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Refreshed McGuigan improves profit
28 Feb 2008
While McGuigan Simeon (now known as Australian Vintage Limited) reported a small profit of $643,000 for its first half result, the winemaker says that the industry has finally "turned the corner". The result was an 8.2 per cent increase, but still well below the $15.6 million half-year profit achieved three years ago, before the wine glut. Volumes were down but profits have increased as the company pushes into the branded wine segment and moves away from the bulk market.
The Sydney Morning Herald, 28/2/2008
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