CANADA: Strong rise in net income at Vincor
Canadian wine group, Vincor International, has announced a rise in fourth quarter net profit, boosted by improved sales of higher quality wines. The company, which operates wineries in Canada and the western US, posted net income of C$3.3m ($2.2m) for the three months to the end of March, up by 43.5% from C$2.3m in the last quarter of the previous fiscal year. Sales rose by 44.4% from C$63m to C$91m.
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