Profits down, but quality up, says McGuigan

Australian Vintage Limited (AVL), owner of the McGuigan, Nepenthe and Tempus Two wine brands, expects its profits to be down this year on the back of a smaller 2012 vintage. However, the wine producer’s CEO Neil McGuigan, says that fruit quality across the vintage is of excellent quality and the lower yields will help to bring wine stock back into balance following years of oversupply, reports The Shout.