Brief: Australian Vintage Posts HY NPAT Of A$12.9 Mln

Australian Vintage

23/02/2023 02:11

Feb 23 (Reuters) - Australian Vintage Ltd  AVG.AX :
    * HY NPAT 29% HIGHER THAN PRIOR YEAR AT A$12.9 MILLION
    * HY  TOTAL OPERATING REVENUE DOWN 0.6% TO A$137.1 MILLION
    * AVERAGE  WORKING ON REDUCING INVENTORY TO IMPROVE
OPERATING CASH
FLOW IN SECOND HALF
    * FURTHER COST OUT STRATEGY IS UNDERWAY
    * MAINTAINS ITS GUIDANCE OUTLINED AT AGM WITH EBITS TO BE IN
LINE
WITH PRIOR YEAR

Source text for Eikon:  ID:nASX80n1Yy 
Further company coverage:  AVG.AX 
 ((Reuters.Briefs@thomsonreuters.com;))