SPAIN: Bodegas Riojanas profits up
By just-drinks.com editorial team | 19 August 2003
The Spanish winery Bodegas Riojanas has seen an 11.6% increase in its first-half net profit to €305,000, compared to €345,000. Turnover rose to €4.92m from €4.88m a year ago. However, pre-tax profits dropped to €434,000 from €474,000. The company was boosted by sales of its quality wines which were up 7%, on the same period last year. However, the company said in a statement that "the market tendency to consume younger wines and the existence of still expensive stocks is provoking a reduction in margins."
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
The Spanish winery Bodegas Riojanas has seen an 11.6% increase in its first-half net profit to €305,000, compared to €345,000. Turnover rose to €4.92m from €4.88m a year ago. However, pre-tax profits dropped to €434,000 from €474,000. The company was boosted by sales of its quality wines which were up 7%, on the same period last year. However, the company said in a statement that "the market tendency to consume younger wines and the existence of still expensive stocks is provoking a reduction in margins."
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
