Australian Vintage is now a "stronger, more agile business", the wine group's management has said, after 12 months of work to boost cash, bolster the company's balance sheet and cut costs.
The group saw its annual losses grow in the year to the end of June amid an impairment charge on inventory, restructuring costs and a strengthening Australian dollar.
The McGuigan brand owner's revenue inched up 0.4% as growth in the second half offset lower sales in the first six months of the year.
Australian Vintage reported improvements in cash flow and said it had "focused on cash generation as a key measure of the underlying health and performance of the business".
In a stock-exchange filing, the company said the 2025/26 financial year had been "a year of significant transformation" for the business.
#australian #year #months #costs
The group saw its annual losses grow in the year to the end of June amid an impairment charge on inventory, restructuring costs and a strengthening Australian dollar.
The McGuigan brand owner's revenue inched up 0.4% as growth in the second half offset lower sales in the first six months of the year.
Australian Vintage reported improvements in cash flow and said it had "focused on cash generation as a key measure of the underlying health and performance of the business".
In a stock-exchange filing, the company said the 2025/26 financial year had been "a year of significant transformation" for the business.
#australian #year #months #costs
4 days ago
