CHILE’S LARGEST WINERY LOSES PROFIT

Chilean winery Vina Concha Y Toro, the country’s largest wine exporter, was down $30 million in 2006 net profit according to its securities filing with local securities regulator SVS. Sales were up 5%, while operating profit was down 4.4%. Apparently, the company is suffering at the hands of a relatively strong peso exchange rate.According to … Continue reading "CHILE’S LARGEST WINERY LOSES PROFIT"

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