CHILE: Wine producers announce six-monthly results
Three of Chile's major wine producers have announced positive figures for trading in the first half of 2002, although one company revealed major losses.
Chile's largest producer Viña Concha y Toro, which is owned by the Giulisasti family, registered profits of US$11.7m during the first half of the year. This represents a 12.9% increase compared to 2001. Wine sales rose 5.4% over the same period to US$78.3m.
Bodegas y Viñedos Santa Emiliana also increased its profits by 5.5% in the six months to July. The wine producer registered profits of US$3.5m compared to US$3.3m over the same period of 2001.
Meanwhile, Viña Undurraga saw its profits rise by a very healthy 10.3% between the first six months of 2001 and of 2002. The wine producer recorded profits of US$733,900, aided by a reduction in non-operational losses, from US$223,100 to US$130,400.
The impressive figures recorded elsewhere in the wine industry is a source for further gloom at Empresas Santa Carolina. The winemaker saw profits contract by a disastrous 65.5% to US$1.6m. This figure compares with the US$4.8m the company registered in the first six months of 2001.
- Diageo NA head on Trump, Millennials, Bourbon
- Has Millennial-mania drowned out elder consumers?
- Interview - Loch Lomond GTR head Andre de Almeida
- Absolut and Smirnoff's conflicting Millennial view
- Brown-Forman's H1 performance by region, brand
- Coca-Cola CEO Muhtar Kent set to stand down
- Diageo wine assets integration head to leave TWE
- Brown-Forman's barrel sales take Scotch hit
- Absolut not "sufficiently focussed" on Millennials
- Angostura places CEO on administrative leave
- Luxury Alcoholic Drinks: The Spirit of Premiumisation
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends