SPAIN: Bodegas Riojanas´ 2004 figures on the rise
Bodegas Riojanas has posted a 31% rise in operating profit to €2.2m last year, boosted by its premium wine labels.
The Spanish wine supplier said yesterday (28 February) that sales for the year rose by 17% to €15.8m, while net profits increased by 4% to €1.03m, due to an undisclosed €228,000 charge.
Riojanas said sales of its 'Reserva' and 'Grandes Reservas' labels gained 42% from 2003 and that turnover at its Torreduero division leapt 34%.
Riojanas said new product launches, including a fledgling reference under its Monte Real upmarket label, also helped boost last year's fortunes.
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