Australian Vintage winemaker hits near 13-yr high on strong results

Australian Vintage

25/08/2021 06:16

** Shares of Australian Vintage Ltd  AVG.AX  surge as much
as 3.01% to A$0.855 - their highest since September 2008
    ** AVG posts https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02411933-2A1318270?access_token=83ff96335c2d45a094df02a206a39ff4
 FY21 net profit after tax of A$19.6 mln  ($14.19 mln), up 79%
    ** Says profit growth pushed by sales of brands like
McGuigan and Tempus Two, among others
    ** Co declares final dividend of 2.7 Australian cents per
share
    ** Adds it has had a positive start to FY22
    ** Stock up 43% so far this year, as of last close 


($1 = 1.3812 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))