Northern Irish independent wine merchant Winemark has reported a double-digit increase in full-year profits.

The retailer, which has 77 stores in Northern Ireland, said profits had risen 81.2% to £1.75m in the year to 31 December 2012 in accounts filed at Companies House. However, sales fell 5% to £19.6m.

In the accounts, the directors said the company had “experienced a challenging year” but the results were “satisfactory”.