Chile's leading wine exporter Concha y Toro CHT.SN(VCO.N) said on Wednesday its first quarter net profit rose 37.6 percent from a year earlier
to 8.395 billion pesos ($14.4 million).
Concha y Toro said consolidated sales rose 12.6 percent during the period to 68.458 billion pesos.
"In this quarter, we saw significant growth in the UnitedStates market," CEO Eduardo Guilisasti said in statement, adding the company also saw growth in the United Kingdom and Japan.
Concha y Toro reported in February its profit for 2008 slipped 5.23 percent to 35.152 billion pesos.
The company said in November it planned to raise up to $189 million in a capital increase and bond issues on the local market to pay for future projects and pay down short-term debt.
[Reuters Article]
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