The Spanish wine producer, Bodegas Riojanas, posted a net profit for 2002 of €1.37m, up 33% from €1.03m in 2001. Pre-tax profits rose from €1.48m to €1.95m, while earnings before interest, taxes, depreciation and amortisation increased from €3.84m to €3.98m.

Net sales at Riojanas reached €14.52m, against €12.23m in 2001.