UPDATE 1-Chile Concha y Toro Q1 profit up 37.6 pct yr/yr

(Adds sales, company comment, background)

SANTIAGO, April 29 (Reuters) - Chile's leading wine
exporter Concha y Toro CHT.SN(VCO.N) said on Wednesday its
first quarter net profit rose 37.6 percent from a year earlier
to 8.395 billion pesos ($14.4 million).

Concha y Toro said consolidated sales rose 12.6 percent
during the period to 68.458 billion pesos.

"In this quarter, we saw significant growth in the United
States market," CEO Eduardo Guilisasti said in statement,
adding the company also saw growth in the United Kingdom and
Japan.

Concha y Toro reported in February its profit for 2008
slipped 5.23 percent to 35.152 billion pesos.

The company said in November it planned to raise up to $189
million in a capital increase and bond issues on the local
market to pay for future projects and pay down short-term
debt.
($1 = 582.10 Chilean pesos at the end of March)
(Reporting by Santiago Newsroom; Editing by Phil Berlowitz)