Online beverage supplier Digital Wine Ventures (ASX: DW8) has posted strong results for the three-month period ending 31 December 2020, driven by a 100%-plus increase in case and volume orders by main investment vehicle WineDepot and its recent acquisition of fourth-party logistics provider Wine Delivery Australia.
The company reported that WineDepot processed a total of 24,738 orders in the December quarter and shipped 45,252 cases – representing increases of 102% and 101% respectively on the previous three month period.
In September, the business recorded 12,230 orders and shipped 22,470 cases. Read more…..
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China has imposed massive tariffs on Australian wine in an anti-dumping measure that will have a dramatic impact on the industry.
