Vranken-Pommery Monopole has reported a narrowed net loss for the first six months of the year as revenues and operating profits improved.

The Champagne house reported a net loss of €2.2m, an improvement on the €6.2m net loss reported in the same period last year. Operating profit in the first half reached €3.1m, up from last year's €1.9m, whilst first half revenues were €78.2m. Revenues in the first six months of last year were €63m.

Pommery also announced a plan to buy out remaining minority shareholders in Pommery SA. The company currently controls 66.5% of Pommery SA. The company plans to launch a capital increase to finance the acquisition.

The winemaker added that in the nine months to September 30, its revenue rose 16.3% to €123.9m from €106.6m a year earlier.