SPAIN: Profits rise 1.9% at Baron de Ley
Export sales accounted for 34% of the sales volume.
A spokesman for the bodega said that sales were back in line with budget after the disappointing Q1 results. Investments during the first half were running at € 7m, mainly at the wineries at El Coto de Rioja and Cigales.
Full year turnover is expected to be around € 55.89m with gross profits in line with budget at € 16.83m. A further € 8m will be invested in their installations during the second half of 2001.
Wines & Spirits in Spain 2001
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