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BRIEF-Majestic Wine sees profit for current year impacted by higher investment
November 16, 2015 / 7:33 AM / 2 years ago

BRIEF-Majestic Wine sees profit for current year impacted by higher investment

Nov 16 (Reuters) - Majestic Wine Plc

* Underlying H1 trading encouraging at Majestic Wine whilst strong growth continued at Naked Wines

* Group sales (+36%) and adjusted EBIT (+12%) for 26 weeks ended 28 september 2015.

* Previous guidance on costs of strategic initiatives (£3m in h1 2016) now changed to - £4m operating costs in full year fy16

* Capex reduced to around £6m per year, but lower than this in FY16 Source text for Eikon: Further company coverage:

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