Magic result

THE directors of Xanadu Wines Limited have announced a half-yearly result of $631,000 net profit after tax.

The directors said Xanadu, with the addition of the key brands of Normans, would increase revenue in the second half and was on track to meet the budgeted full-year net profit after tax. Net profit for the half year to December 2001 was up by 544 per cent on the same period last year.