During the second quarter, operating income rose to $19.9m, up 31% from the second quarter of the previous year. Net sales for the six-month period to the end of September rose from C$174.2m to C$209.3m, while net income rose from C$11.0m to $19.4m.
CANADA: Vincor posts third quarter sales and profit gains
Canadian wine group, Vincor International Inc., has posted an increase in net sales for the quarter to the end of September 2002 of 17.8% from C$91.9m to C$108.2m. Net income for the second quarter of the current fiscal year rose by 59.8% from $7.0m to $11.2m.