The French wine group, Michel Laroche, reported a net profit of €730,000 ($735,600) for the first half of current fiscal year, some 92% up on the corresponding period last year. Consolidated sales rose by 5.7% to €14.8m.

Operating profit at the company rose by 8.8% to €1.73m ($1.74m). Laroche, which derives 85% of its sales from export markets, is targeting a 10% increase in turnover and net profit for the full year.