IN BRIEF: Chapel Down swings to annual profit after refocus on wine
25th Apr 2022 11:27
Chapel Down Group PLC - Tenterden, Kent-based wine maker - Swings to pretax profit of GBP790,141 in 2021 from loss of GBP7.9 million in 2020. The results include exceptional costs of GBP390,000 in 2021 and GBP6.7 million in 2020 related to the disposal of beer and cider business Curious Drinks Ltd, which Chapel Down sold in April 2021. Following the sale, Chapel Down swings to a GBP6.4 million net cash position as of December 31 from net debt of GBP7.4 million a year before. Read More