Laurent-Perrier has posted a healthy rise in its fiscal year net profit. According to a report in the French press today (31 May), the Champagne producer recorded a 22.5% year-on-year increase in net profit for the 12-month period to 31 March, reaching €13.42m (US$16.7m).

Operating profit rose by the same percentage, hitting €33.77m, as turnover was up for the year by 28.5% to €213.49m.

The company credited a strong performance by Chateau Malakoff, which it acquired in February last year.

Looking forward, Laurent-Perrier expects turnover in 2005/2006 to be between €220m and €225m. A dividend of €0.75 per share will be proposed, the report added.