• Q1 net profits jump 80% to US$314,238
  • Net sales in three months to end of March rise 32% to $3.9m
  • Gross profit margins increase by one percentage point to 58.9%

Willamette Valley Vineyards has posted a surge in first-quarter profits as a good harvest helped boost sales.

Net profits in the first three months of the year jumped by 80% to US$314,238, the Oregon wine producer said yesterday. Net sales increased by 32% to $3.9m in the same period.

Willamette's founder & president, Jim Bernau, said: "We are pleasantly surprised to see how many new customers are now visiting our remodeled tasting room. This, combined with a bountiful harvest and a strong distributor sell-in for Oregon Wine Month resulted in a strong Q1."

The results marked an improvement for Willamette after it reported a tough first quarter last year.

To read the company's full results, click here.