US: Willamette Valley Vineyards FY sales rise
Oregon's growing reputation for wine in other US states boosted sales at Willamette Valley Vineyards in 2009.
Willamette said yesterday (29 March) that net sales rose by 3% for the 12 months of 2009, to US$16.56m, compared to $16.05m in 2008.
It attributed the rise to a growing reputation for Oregon-produced wine in the US.
"The increase in total revenue is mainly due to increased sales to out-of-state distributors, which improved over 7% as compared to 2008," said Willamette.
The company's net profits for the year rose by 3% to $731,470.
However, operating profits fell to $1.1m, against $1.36m in 2008, largely due to higher costs but also related to sales promotions on the firm's wines.
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