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WA's Evans & Tate books $63.9m net loss
1points
Struggling winemaker Evans & Tate Ltd says it is now better equipped to deal with Australia's wine glut after booking an annual loss in a "horror year". The Western Australia-based company booked a net loss of $63.9 million for 2005/06, narrowing the prior year's net loss of $73.0 million, as the wine glut, a tough United Kingdom market and restructuring costs inflicted pain.
Source: http://www.theage.com.au/news/Business/Wine-company-books-63…
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