Source - SMW
Gusbourne, the English sparkling wine producer, saw revenue growth of 40% to £266,000 in the six months to the end of June and gross profit rose 54% to £94,000.

The group said the sales continue to reflect limited stock availability of earlier year vintages. 

Administrative expenses of £678,000 (2015: £598,000) includes depreciation of £164,000 (2015: £121,000) and the continuing investment in the development and growth of the business, particularly the Gusbourne brand.

The operating loss for the period was £600,000 (2015: £546,000). The loss before tax was £696,000 (2015: £759,000) after net finance costs (excluding exceptional items) of £96,000 (2015: £98,000).

Chairman Andrew Weeber said: "I am delighted with the progress the Company continues to make in line with our long-term development plans. Our increasing revenues, which remain limited to stock availability, reflects both the expansion of wine production as well as increasing customer demand for our award winning sparkling wines.

"I am particularly proud of the Gusbourne management team who combine their professionally qualified skills with passion and enthusiasm to produce and deliver the highest quality Gusbourne wines to our growing customer base. I would like to thank both our customers and staff for their continued support." 


At 9:38am: (LON:GUS) Gusbourne Plc share price was 0p at 46p



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