Chile's Concha y Toro wine exporter '08 net slips

By Pav Jordan  2009-2-27 18:29:44

 Chile's leading wine exporter,Concha y Toro CHT.SN, said on Thursday profit for 2008
slipped 5.23 percent to 35.152 billion pesos ($55.9 million). Concha y Toro said revenue from exports fell, although sales improved on the domestic market. In 2007, Concha y Toro had net profit of 37.09 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.
 ($1 = 629.11 Chilean pesos at the end of December)

 

 


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