Andrew Peller, a Canada-based producer and marketer of wines, has reported sales of CAD289.1m ($279.9m) for the year ended 31 March 2013, up 4.4%, compared to sales of CAD276.9m ($268.1m) during the same period in 2012.

The increase in revenues was primarily due to positive impact on sales from the licensing agreement with the Wayne Gretzky winery, the acquisition of Cellar Craft, solid organic growth arising from new product introductions, increased sales of premium blended and varietal table wine brands, and strong retail store and export sales.

Sales for the fourth quarter (Q4) ended 31 March 2013 rose 4.4% to CAD63.6m ($61.5m) from CAD60.9m ($58.9m) in the prior year.

Net earnings for the fiscal 2013 were CAD14.8m ($14.3m) or CAD1.06 ($1.02) per Class A Share, compared to CAD13m ($12.5m) or CAD0.93 ($0.90) per Class A Share in fiscal 2012.

Net earnings excluding the one-time restructuring charge incurred in Q4 2013, gains (losses) on derivative financial instruments, other expenses, and the related income tax effect of these items for the fiscal 2013 increased from CAD13.7m ($13.26m) in fiscal 2012 to CAD14.2m ($13.7m).

Andrew Peller president and CEO John Peller said the company is pleased with its solid growth and strong operating results in fiscal 2013, and look forward to continued growth in sales and earnings in the future.

"With our record results, we were pleased to announce a 11% increase in common share dividends, our 5th increase in 8 years and a reflection of a highly positive outlook on our future and commitment to enhancing long-term shareholder value," Peller added.