French winemaker Michel Laroche has announced consolidated turnover of €14m (US$12.6m) for the first half of 2001-2002.

Full year turnover forecasts are in the region of €28.9m, compared to €27.6m in 2000/2001.

Operating profits were €1.59m and net profits were recorded at €380,000.

The Chablis-based company now employs 132 people with operations in Chile as well as France. It exports 85% of its output to 77 countries.