The French wine company, Michel Laroche, posted sales for the 2002/3 fiscal year to the end of March of €31.11m (US$35.1m), up from €29.1m (US$32.8m) in the previous fiscal year.

However, fourth-quarter sales fell from €7.1m (US$8.0m) to 6.5m (US$7.3m). Laroche said that export sales accounted for 84% of turnover in 2002/3. The UK represented 28% of export sales.