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Chile's Concha y Toro to invest in new plantations

Fri Mar 9, 2007 1:12pm EST

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SANTIAGO, March 9 (Reuters) - Chile's biggest wine producer Concha y Toro CHT.SN(VCO.N) said on Friday it planned to invest $33 million in new plantations and a new bottling plant in 2007.

The company, which generates 68 percent of its sales from exports, made a net profit of 4.1 billion pesos ($7.7 million) in 2006, up 0.6 percent from the previous year, while its EBITDA (earnings before interest, tax, depreciation and amortization) climbed 38.7 percent.

((Reporting by Rodrigo Martinez, editing by Martin Golan; Santiago newsroom +56 2 370 4250)) Keywords: CHILE CONCHAYTORO/

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