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Surging profits at Chapel Down

By James Russell: Surging profits at Chapel Down

April 27, 2015

Kent winemaker Chapel Down has reported soaring profits in the year ending December 2014, benefiting from good harvests.

Revenues were up 21%, at a record £6.1 million, with pre-tax profits reported at £187k.

Whilst wine sales flourished, beer sales soared – up 43%, though at lower margins than those for wine.

Chapel Wine raised £4 million through crowdfunding in 2014, and is optimistic about the prospects for 2105. It has already used the money raised to buy new vineyards in order to generate more product.

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