English winemaker Chapel Down has had losses totalling more than £1m in the six months to 30 June as the Nex listed company continues with their expansion.
On Monday Chapel Down said they made a loss before tax of £1.7m compared to £581,851 from the same period in 2018.
Sales year-on-year have grown 21% 60 £6.7m and due to their extraordinary harvest in 2018 saw a 30% increase in stocks to £8.2m.
Frazer Thompson, chief executive said, “The current market uncertainty means that we can see there is more change to come.
“At Chapel Down we believe that we must continue to provide consumers with more innovation and more excitement and provide our trade customers with more opportunity for premium pricing and great value from excellent brands than ever before.”