Majestic Wine reported a 117pc rise in pre-tax profits boosted by sales of wines costing more than £20 a bottle. Profits jumped to £16m in the year to the end of March, up from £7.4m in the same period last year.Majestic shares jumped 4.6pc in early trading. Total sales rose 15.6pc to £233.2m, with sales of fine wines - those costing £20 a bottle or more - rising 22.7pc and representing 5pc of UK store sales, the company said in a statement. The cost of an average bottle of still wine purchased at Majestic rose to £6.56, compared with £6.35 a year ago.