Spanish winemaker Baron de Ley yesterday announced healthy nine-month figures. The company posted a net profit rise to €13.9m ($16.3m) in the nine months to the end of September 2003, compared to €12.4m ($14.6m) year-on-year.

Sales for the same period leapt 21% from €41.4m (US$48.6m) to €50.3m. Cash flow also rose by 16% to €20m ($23.5m).

Baron de Ley also reported that its planned investment drive, involving the construction of new vineyards, cellars and a company museum, is on schedule.