SPAIN: Profits rise 1.9% at Baron de Ley
Rioja winery, Baron de Ley, has posted H1 profits of € 7.64m (US$6.85m), up 1.9% on the first half of last year. Sales reached € 26.04m, up 5% on the previous year. EBITDA was up 5.6% at € 11.17m. Export sales accounted for 34% of the sales volume. A spokesman for the bodega said that sales were back in line with budget after the disappointing Q1 results. Investments during the first half were running at € 7m, mainly at the wineries at El Coto de Rioja and Cigales.
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