Bodegas Bilbainas has reported a heavy fall in its full year net profit.

The Spanish winemaker said in a filing to the Spanish stock market that net profits reached €1.7m (US$2.1m) a fal of 71% on last year's figure.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also fell by 1.7% to €3.98m on the back of turnover of €12.2m, which was down 2.6%.