Alita has reported a drop in net profits for the first six months of the year.

The Lithuanian wine and spirits company reported today (20 August) that consolidated net profit for the first half of 2007 hit LTL3.99m (US$1.56m), a 12.4% fall from the corresponding period last year.

The company said that interim sales rose by 32.7% this year and has predicted that its full-year consolidated net profit may decline by 23.8% compared to the same time last year.

Sales of the group, including wine producer Anyksciu Vynas, are forecast to grow by 5.9%, to LTL152m in 2007, said the company.

Earlier this year, Alita acquired the distribution and wholesale company Daivalda, securing the assets of the beer maker Vilkmerges Alus.