Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1

http://www.thewest.com.au/20020308/business/tw-business-home-sto47695.html

Great consistencey over a decent time frame.
The Adelaide-based company yesterday posted its ninth consecutive record annual profit in one of the toughest ever years for wine producers, after successfully completing a $250 million thrust into the crucial US market.

Unveiling a full year profit of $72.2 million, a 21 per cent gain over the previous year after a similar rise in sales to $771 million, managing director Stephen Millar said the group's rapid growth - its market worth has rocketed from just $90 million on listing in 1992 to almost $2 billion - would continue, making the future a "whole new ball game


On takeover thoughts,
And that was a potential "tragedy" for both the company and the nation's winemakers, who are developing a reputation as world leaders in innovation and quality.

"We really could end up being the premier wine company in the world - just give us a chance, to show what we can do," Mr Millar said. "This is an industry in which Australia can dominate the world . . . let's keep the control here."




JR



Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.