Cooks McW. returns
PA Wellington Wine maker Cooks McWilliams, Ltd, a Brierley subsidiary, has returned a profit of $lBB,OOO for the six months ended December 31, revising the previous year’s interim loss of $2,416,000. Turnover was $14.6 million
($11.7 million). No tax was paid and there were no extraordinaries. No dividend will be paid. Directors confirmed that discussions with Corbans Wines had progressed to the stage where a special general meeting is to be called to
consider the sale of the company’s assets to Corbans. Cooks McWilliams would then be restructured as an investment company. Directors said they recommended shareholders should not sell their shares until they had considered the proposal.
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Press, 6 March 1987, Page 8
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111Cooks McW. returns Press, 6 March 1987, Page 8
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