The Greek wine group, Ktima Lazaridis, has forecast a pre-tax profit of €2.4m ($2.41m) for the extraordinary fiscal year from July 1, 2001 to December 31, 2002. The company is also forecasting sales to grow to €8.4m ($8.43m) for the 2001/2002 fiscal year.

The company opted to extend the current fiscal year into an 18-month period to the end of December at a meeting in February. In the previous fiscal year, Ktima Lazaridis posted a pre-tax profit of €1.5m on sales of €5.5m.