Baron de Ley has posted a lift in net profit in its first nine months of the year, according to local reports.

The Spanish winery was cited by local press today (29 October) saying that it has seen net profit rise to EUR14m (US$20.2m) for the period January to September compared to EUR12.9m ($18.6m) last year.

Turnover reportedly rose by 11% to EUR62.3m and sales of bottled wine was up 13% reaching EUR60.2m, with 91% of total sales being made up of crianza and reserva wines.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 11% to EUR27.2m, the company said.