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Wednesday, May. 21, 2008

Willamette Valley Vineyard posts record profit in 2007

SALEM -- Willamette Valley Vineyards posted record profits last year, up 31 percent to nearly $1.7 million on $16.7 million in sales.

Earnings per share for the Salem winery improved by the same margin, moving up to 34 cents a share in 2007 compared to 26 cents the previous year.

Winery founder and president Jim Bernau said Willamette produced about 115,000 cases of wine in Oregon last year.

The 2007 harvest should produce about 134,000 cases for sale this year.