Wine maker Delegat Group shares slipped despite delivering a modest result for the first half of the 2023 financial year. Operating revenue increased by +11.2% to $198.8m, as favorable currency and increased pricing offset lower volumes. However, this did not flow down well to the profit line. Operating net profit after tax was only a touch higher at +1.6%, reaching $40.2m, as higher operating expenses and elevated freight costs hit margins and profitability.