Baron de Ley has reported a pre-tax profit for the third quarter of 2005 of €17m (US$20.3m), up 2.2% from the third quarter of 2004.

Turnover at the Rioja wine producer rose by 3.3% to €53.4m, according to a filing with the Spanish stock market regulator CNMV.

Bottled wine accounted for €51.8m.

Exports rose by 14% in the third quarter to €16.1m.