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Strong $A hangover for wine-11August26

Eli Greenblat

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.
”It is quite obvious that global financial uncertainty and volatility continues to impact individual countries, global trade and finance,” chairman Ian Ferrier said. ”Unfortunately, this uncertainty is slowing the recovery of the wine industry on many levels.”
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The company, whose Black Label Red remains the best-selling brand by volume in Australia and the 14th-largest wine brand in Britain, did provide some hope, saying prices were rising as Australia’s grape oversupply began to be whittled down.
”While we remain realistically cautious about any near-term recovery, the board is confident in Australian Vintage’s ability to continue to respond successfully to the challenges,” Mr Ferrier said. ”We do see some slight improvement in market pricing and supply of wine.”
The company yesterday posted a 5 per cent drop in revenue to $225.7 million, with full-year profit diving 26.8 per cent to $6.54 million.
Nevertheless it reinstated the final dividend, and will pay investors 2.5Β’ a share on November 18.
Pre-tax earnings before significant items rose 24 per cent to $29.3 million.
Unfavourable exchange rates dented total sales by $14.4 million and earnings before tax by $9.8 million.
Export sales fell 8 per cent, but branded bottle sales were up 4 per cent despite the strength of the dollar against the British pound.
Sales within Australia were flat at $72 million. Strong bottled sales were offset by falls in cask wine and income generated at its vineyard.

Source: http://www.smh.com.au/business/strong-a-hangover-for-wine-20110824-1ja8z.html

Manila families with small children looking for an accessible place for kids to have fun frequently visit private resort in Clark Pampanga to unwind relax in family bonding, top venue for reunion.

Some hotels and resorts offer free WIFI Internet connection to guests. This includes beach resort of Clearwater which also offers free Internet connection in the room as well as in the outdoor areas even near the beach and by the lake.

Fine dining restaurants like Yats Restaurants and Wine Bar also offers good internet connection to their guests. Highly recommended bar, pub and nightlife spot The London Pub located inside Mimosa also offers good internet connection to guests.

The London Pub is a classic English Gastropub frequented by local expats and business community. It serves up good food, plenty of excellent vintage wine by the glass and a good selection of Cuban cigars. The ambience is old English, dark wood, comfortable and relaxed.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that serve high quality Nespresso coffee to guests. Here are some of the highly recommended places in Clark that offer good gourmet Nespresso coffee.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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