Delegat wines forecast record profit

Delegat Group, New Zealand’s largest listed wine company, forecast record operating profit and case sales for 2016 on growth in the North American market and in the Asia-Pacific region. Operating profit is expected to rise 5 per cent to $36 million in the year ending June 30, 2016, managing director Graeme Lord told shareholders at their annual meeting in Auckland. Sales are forecast to rise 8 per cent to 2.4 million cases, he said.