UK's Naked Wines rises on CFO appointment, as earnings meet expectations
** Online wine seller Naked Wines WINEW.L up nearly 4% at 53p
** Appoints Dominic Neary as next CFO, posts its full-year earnings in line with expectations
** Neary, currently CFO at Mind Gym MIND.L, will join WINEW as CFO on Nov. 11
** Co posts an adjusted operating profit for the year ended on April 1 of 5 million pounds ($6.62 million), within its expected range of 2 million pounds - 6 million pounds
** Adj. operating profit in line with brokerage Jefferies' expectations
** Co adds that its operating cost base has reduced, the inventory overstock position is being addressed, a new credit facility has been agreed, and its cash position has improved
** "The business now appears on much firmer foundations, the fundamental Naked Wines concept continues to be differentiated, and the new CEO is working hard to return the business to growth" - Jefferies
** As of last close, stock down nearly 11% YTD
($1 = 0.7557 pounds)
Reporting by Radhika Anilkumar in Bengaluru;
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