AUS: Strong $A hangover for wine
AUS: Strong $A hangover for wine
Aug 24, 2011 6
AUSTRALIAN Vintage will push ahead with additional currency hedging and shifting more of its wine packaging and bottling overseas to cope with the high dollar, which last year slashed its pre-tax earnings by $9.8 million.
The winemaker said turmoil in global financial markets was constricting the turnaround of the wine sector.
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