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Willamette Valley Vineyards FY12 Net Profit Up 40%

Willamette Valley Vineyards Inc. (WVVI) reported net income of $1.2 million or $0.25 per share for for the full year 2012, compared to $857,755 or $0.18 per share for the full year 2011.

Income from continuing operations for the full year 2012 was $1.4 million or $0.28 per share, compared to $1.4 million or $0.29 per share in the prior year.

Revenues for for the full year 2012 grew 2.4% to $12.53 million from $12.24 million in 2011, mainly due to higher retail sales.

by RTTNews Staff Writer

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