Willamette Valley Vineyards reports profit of $2,289,730, or 46 cents a share, for 2017, a 5.7%, increase in net profit from 2016.
Revenue rose 7.4% to $20,853,527 from year-earlier result. The company attributed the increase to increased sales in all categories.
Jim Bernau, Founder and President, said: “With our expanded wine enthusiast stockholder base, additional capital from the preferred stock sale and retained earnings, we are making new investments and incurring additional operating expense to develop new wines and direct-to-consumer venues. The wine market is changing, and we are moving quickly.”