FRANCE: Laroche reports robust H1
French wine group Michel Laroche has reported rising half-year earnings and sales thanks to rising volumes from its stable of wines.
The company, which owns vineyards in Chablis, the south of France, South Africa and Chile, posted a 27% leap in net profit to EUR650,000 (US$854,900). Revenues for the six months to 30 September rose 12% to EUR15.3m.
Michel Laroche said its wines from Chablis and the south of France had performed particularly well.
Some 86% of the company's sales are made outside France. The company exports to over 70 countries.
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