Marlborough Wine Estates Group Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2016
Marlborough Wine Estates Group Limited reported audited consolidated earnings results for the year ended June 30, 2016. For the period, the company’s sales were NZD 7,423,536 against NZD 1,840,189 a year ago. Earnings before interest, tax, depreciation and amortisation were NZD 542,629 against NZD 1,048,543 a year ago. Loss for the period before taxation was NZD 855,711 against profit of NZD 840,306 a year ago. Loss for the period attributable to shareholders of the company was NZD 896,017 against profit of NZD 590,040 a year ago. Basic and diluted loss per share was NZD 0.003 against profit of NZD 0.002 a year ago. Net cash flow generated by operating activities was NZD 1,013,977 against net cash flow used in operating activities of NZD 307,857 a year ago. Payments for intangible assets were NZD 12,612. Payments for property, plant and equipment was NZD 549,109 against NZD 2,825 a year ago.