Australian Vintage hits over 12-yr high as co remains on track to achieve FY NPAT

Australian Vintage

24/02/2021 03:59

** Shares of winemaker Australian Vintage Ltd  AVG.AX  peak
to their highest levels since Nov. 13, 2008 as it remains on
track to achieve FY net profit after tax 
    ** Winemaker's shares are up as much as 9.2% to A$0.71 as co
posts over two-fold rise in HY net profit to A$13.3 mln ($10.55
mln)  urn:newsml:reuters.com:*:nASX8Cfn5z
    ** Says HY revenue up 7.8% to A$148.4 mln, remains on target
to achieve FY NPAT between A$18 mln and A$20 mln
    ** AVG will undertake a capital management review in H2 of
FY21
    ** Stock posts its biggest intraday pct gain since Nov. 25,
2020
    ** 505,000 shares change hands, compared with the 30-day
average volume of 419,000 shares
    ** Stock had risen 11.1% this year, as of last close

($1 = 1.2612 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))