Listed South African wine group Winecorp, trebled its headline earnings per share for the year ended 31 July 2002, up to 16.98c compared with 5.52c the previous year.

Total revenue for the company only rose 5% to R85.2m from R81.4m the previous year.

Headline earnings rose from R5.2m the previous year to R8.4m this year.

The depreciation of the Rand provided a favourable exchange gaining the company, which exports about 80% of its products, with R3.9m in gains.

A number of strategic initiatives had been identified during the year including a production capacity increase to over 1 million cases at a cost of R5 million to enable the growth of sales while maintaining flexibility to accommodate shorter production runs.