Viña Concha y Toro S.A. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
October 29, 2020
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Viña Concha y Toro S.A. announced earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, the company announced revenue was CLP 210,600,527,000 compared to CLP 164,000,478,000 for the same period a year ago. Profit from operating activities was CLP 36,171,357,000 compared to CLP 21,452,033,000 for the same period a year ago. Profit was CLP 26,511,066,000 compared to CLP 17,072,971,000 for the same period a year ago. Basic earnings per share was CLP 35.16 compared to CLP 22.77 for the same period a year ago.
For the first nine months, the company announced revenue was CLP 554,563,423,000 compared to CLP 460,263,518,000 for the same period a year ago. Profit from operating activities was CLP 86,385,440,000 compared to CLP 50,644,915,000 for the same period a year ago. Profit was CLP 55,732,978,000 compared to CLP 36,639,893,000 for the same period a year ago. Basic earnings per share was CLP 74.06 compared to CLP 48.62 for the same period 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.