Delegat's half-year profit up 9pc

Photo / Herald on Sunday

Delegat's Group reported a 9 per cent rise in half year operating net profit to $17.1 million, as the company improved its mix of price, country and product.

Sales revenue lifted 2 per cent from a year earlier to $131.7 million for the six months to the end of December, while global case sales slipped 1 per cent to $1.126 million.

Reported net profit was up 14 per cent to $15.9 million. The company expects to achieve full year forecasted operating net profit within a consensus range of $20.5 million to $25.5 million.

Chairman Robert Wilton said the business environment was expected to remain challenging.