The French wine producer and negociant, Cottin Freres, registered a net profit of €2.49m ($2.69m) for the 2001/2002 fiscal year to the end of September 2002, down 2.4% from €2.55m ($2.76m) for the previous fiscal year.

Cottin’s operating profit increased by 10% from €4.6m ($5.0m) to €5.06m ($5.5m) on turnover marginally higher at €53.18m (€57.6m).