Foley Family Wines boosts sales, earnings

Foley Family Wines, which is controlled by American billionaire Bill Foley, says full-year operating earnings more than doubled on increased sales of bottled wine and modest profit from a growing pool of bulk wine.
Operating earnings before revaluations and tax rose to $3.5 million in the 12 months ended June 30, from $1.2M a year earlier, the Blenheim-based company said in a statement.