Viña Concha Y Toro S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019
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Viña Concha y Toro S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was CLP 164,000.478 million compared to CLP 153,930.326 million a year ago. Operating income was CLP 21,452.033 million compared to CLP 17,456.797 million a year ago. Net income was CLP 17,008.405 million compared to CLP 17,582.335 million a year ago. Basic earnings per share was CLP 23 compared to CLP 24 a year ago. For the nine months, sales was CLP 460,263.518 million compared to CLP 429,556.767 million a year ago. Operating income was CLP 50,644.915 million compared to CLP 41,804.650 million a year ago. Net income was CLP 36,322.085 million compared to CLP 37,579.958 million a year ago. Basic earnings per share was CLP 49 compared to CLP 50 a year ago.
Concha y Toro Winery Inc is a Chile-based wine producer in Latin America. The Company owns approximately 10,800 hectares of vineyards in Chile, Argentina and the United States. Its renowned portfolio includes wines from these three origins, including icons Don Melchor and Almaviva, brands Marques de Casa Concha and Casillero del Diablo, and wines from its subsidiaries Cono Sur, Quinta de Maipo in Chile, and Trivento Bodegas and Fetzer Vineyards abroad. The Company carries out its operations directly through its subsidiaries, including Vina Cono Sur, Quinta de Maipo, Vina Maipo, Vina Maycas del Limari, Trivento Bodegas y Vinedos in Argentina, and Fetzer Vineyards in the USA. It participates in the distribution business through its subsidiaries VCT Chile, Concha y Toro UK Limited, VCT Brasil Importacion y Exportacion Limitada, Concha y Toro Sweden AB, Concha y Toro Finland OY, Concha y Toro Norway AS, VCT Group Asia, VCT Africa & Middle East and Concha y Toro Canada.
VIÑA CONCHA Y TORO S.A. 
