US: Willamette Valley profit boost from Bacchus
Oregon winemaker Willamette Valley Vineyards reported a net profit of US$72,805, or $0.02 per basic share on revenue of US$2,103,814 in the second quarter of 2004.
The figures were up on the same period last year, when the company reported net profit of US$29,331, or $0.01 per share on revenues of US$1,554,346.
For the six months ended June 30, 2004, Willamette Valley reported a net profit of US$196,166, or US$0.04 per basic share on revenues of US$3,947,440.
Revenues increased in the three and six months ended June 30, 2004 compared to the prior year period, particularly in the six-month period where total revenue increased 30%. The company said this was due primarily to increased sales through the Bacchus Fine Wines and out of state sales departments.
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