French wine group, Michel Laroche, has posted a net profit for the year to the end of March of €900,000 ($887,200), a 200% increase from the previous year. Operating profit was flat at €3.0m (2.96m).

The company also reported consolidated turnover of €29m ($28.6m), up 5% from the previous year. Some 88% of the company's turnover came from exports to 77 countries.