Boizel Chanoine Champagne has posted a marked slide in net profit for the first half of this year.

The Champagne house, which last month reported a 28% leap in sales for the period, said earlier this week that net profit fell to EUR490,000 (US$690,000) from EUR710,000 in the corresponding period a year earlier.

EBITDA and EBIT, however, both rose in the half-year, to EUR14.4m from EUR9.28m and to EUR10.46m from EUR6.75m respectively.

"2007 represents the first year to fully benefit from the new configuration resulting from the acquisition of Maison Burtin and Champagne Lanson in March 2006," the company said. "The first half of the year notably factors in all of the financing for the acquisition."

Boizel noted that fluctuations in the euro-dollar exchange rate in the US was preventing an aggressive strategy of price rises from being implemented for the time being. Price increases on the Burtin and Lanson brands, introduced in the period, have been "well accepted" by customers, Boizel said.

Looking forward, the company confirmed its full-year sales target of EUR320m, with volumes expected to come in at 2006 levels, in the region of 21m bottles.