USA: Magnotta Winery Corporation Announces Second Quarter Results
President's Report to Shareholders of Magnotta Winery Corporation Six Months Ended July 31, 2000 Financial Highlights Three Month Six Month Period Ended Period Ended July 31, 2000 July 31, 2000 ------------- ------------- Gross Sales Increased 19.7% Increased 15.3% Net Sales Increased 26.4% Increased 18.1% Earnings Before Interest, Income Taxes and Amortization Increased 6.9% Increased 6.2% Net Earnings Increased 5.7% Increased 10.1%