Ste. Michelle breaks profit record.(Financial report)

From: Tri-City Herald (Kennewick, WA) | Date: January 27, 2007 | Copyright information

Byline: Mary Hopkin

Jan. 27--Ste. Michelle Wine Estates, the oldest and largest wine company in the Northwest, posted its third consecutive record year of revenue and profits, with net revenues reaching $282.4 million, a 13.7 percent increase over 2005. "Our strategic plan to upgrade the portfolio, capitalize on Pacific Northwest wines and improve return on assets is working," Ted Baseler, president and CEO of Ste. Michelle Wine Estates, said in a release. Ste. M...

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