Gruppo Mezzacorona has announced its turnover figures for 2002 and 2003. The Italian wine producer told a meeting of the council of the northern Italian province of Trento on Friday that turnover reached €109m (US$135.7m).

The company consists of five smaller companies, Cantine Mezzacorona S.c.a.r.l., Nosio S.p.A., Prestige Wine Imports Corp., Silene S.r.l. and Villa Albius S.r.l.

The group manages vineyards covering over 2,600 hectares in Italy's northern region Trentino Alto Adige and over 900 hectares on the southern island of Sicily, managed through Nosio.