Delegat Group celebrates 25% increase in profit

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Delegat Group has posted a $43 million net profit after tax in the six months ending December 31.

New Zealand’s largest listed winemaker increased its profit in the period by 25 per cent from $34.4m a year earlier.

The Auckland-based firm posted sales revenue of $168m in the period, compared to $154.1m a year earlier, and reported record cashflow from operations of $42.9m – a 21 per cent increase on last year.

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