vina concha y toro sa-sp adr (VCO) Key Developments
Vina Concha y Toro S.A. Reports Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 28 14
Vina Concha y Toro S.A. reported consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported income from ordinary activities of CLP 148,411,598,000 against CLP 134,963,627,000 a year ago. Gross revenue was CLP 57,563,296,000 against CLP 48,094,725,000 a year ago. Income before tax was CLP 15,187,370,000 against CLP 16,657,915,000 a year ago. Income attributable to owners of the company was CLP 11,552,883,000 against CLP 13,359,668,000 a year ago. The net sales increased by 10.0%, mainly explained by a higher exchange rate and a higher average sales price in Export Market from Chile, Chile Domestic Market and US Domestic Market. The company’s earnings totaled CLP 15.5 per share in comparison to CLP 17.9 registered during the third quarter of 2013.
For the nine months, income from ordinary activities was CLP 405,612,569,000 against CLP 336,289,373,000 a year ago. Gross revenue was CLP 152,232,900,000 against CLP 114,919,228,000 a year ago. Income before tax was CLP 38,895,785,000 against CLP 28,544,191,000 a year ago. Income attributable to owners of the company was CLP 29,551,279,000 against CLP 22,088,020,000 a year ago. The company’s earnings per share were CLP 39.6, in comparison to the CLP 29.6 registered in the first nine months of 2013.
For the quarter, the company reported total volume of 81,203,000 liters against 84,010,000 liters a year ago.
For the nine months, the company reported total volume of 227,695,000 liters against 210,103,000 liters a year ago.
Vina Concha y Toro S.A. to Report Q3, 2014 Results on Nov 28, 2014
Nov 24 14
Vina Concha y Toro S.A. announced that they will report Q3, 2014 results on Nov 28, 2014
Vina Concha y Toro S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014
Oct 11 14
Vina Concha y Toro S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014 . Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States.
Vina Concha y Toro S.A. and Charton-Hobbs Inc. Form Joint Venture for Commercialization of Brands in Canadian Market
Sep 17 14
Vina Concha y Toro S.A. and Charton-Hobbs Inc. announced the creation of a joint venture for the commercialization of brands in the Canadian market. In its first stage, this joint venture will take on the representation of Concha y Toro brands, among them Casillero del Diablo, Frontera, Marques de Casa Concha, Don Melchor and its Californian brands Fetzer and Bonterra. This new company combines the leadership of Vina Concha y Toro and Charton Hobbs by joining a strong portfolio of brands along with the experience, business strength, and knowledge of the Canadian market. The joint venture is formed 50% by Vina Concha y Toro and 50% by Charton Hobbs.
Viña Concha y Toro S.A Announces Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014
Aug 29 14
Viña Concha y Toro S. A announced consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, the company reported income from ordinary activities of CLP 142,856,660,000 against CLP 110,244,935,000 a year ago. Income before tax was CLP 12,517,053,000 against CLP 5,093,852,000 a year ago. Income attributable to owners of the company was CLP 9,215,950,000 against CLP 3,482,059,000 a year ago. Net income substantially increased, totaling CLP 9,216 million. The increase in net income represents a growth of 164.7% in comparison to the second quarter of 2013, which recorded a net profit of CLP 3,482 million. Based on 747,005,982 weighted average shares, Concha y Toro’s earnings increased to CLP12.3 per share from CLP 4.7 respective to second quarter of 2013. Operating Income (Gross Revenue, Distribution cost and Administrative expenses) increased 288.9% to CLP 14,416 million in 2Q14 compared to CLP 3,707 million in second quarter of 2013. The operating margin as a percentage of sales increased to 10.1% from 3.4% in second quarter of 2013. The mentioned growth is based on major volume sales, a higher exchange rate and a lower cost of wine. In the second quarter of 2014, the net sales increased by 29.6% totaling CLP 142,857 million, mainly due to a major commercialized volume and higher average price in export markets.
For the half year, the company reported income from ordinary activities of CLP 257,200,971,000 against CLP 201,325,746,000 a year ago. Income before tax was CLP 23,708,415,000 against CLP 11,886,276,000 a year ago. Income attributable to owners of the company was CLP 17,998,396,000 against CLP 8,728,352,000 a year ago. Earnings per share were CLP 24.1, a 106.2% higher that the earnings obtained in the first half of 2013. Operating Income (Gross Revenue, Distribution cost and Administrative expenses) increased 175.8% to CLP 25,947 million compared to the CLP 9,406 million registered in the first half of 2013. As a percentage of sales, the Operating margin increased to 10.1% from 8.0%.