27 Aug 2009

Oyster Bay profit down

5:54 am on 27 August 2009

Oyster Bay Vineyards has reported a 45% drop in its full year profit, to $1.5 million.

Sales dropped by more than $4 million, due to a reduced harvest.

The company says during the year ahead it will focus its efforts on maximising the sustainable yields of their vines.

A final dividend of 10 cents per share has been declared.