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Pinot Noir shortage sees profits down at Oregon winery

Published:  23 July, 2008

A shortage of three key Pinot Noir products at publicly owned Oregon winery Willamette Valley Vineyards has affected its sales revenue.

The company's first quarter profits for 2008 were down on 2007 figures, a new trading statement shows.

Earnings for the first quarter of 2008 were $60,102 as compared to $234,263 for 2007, or $0.01 per share as compared with $0.05 per share.

Jim Bernau, Willamette Valley Vineyards CEO, said inventory constraints and distributor order patterns had affected profits.

The winery said it was increasing production of its three key Pinot Noir products in response to the shortfall but additional case volumes would not materialise until the fourth quarter.

Willamette Valley Vineyards is headquartered at its Estate Vineyard near Turner, Oregon.