UPDATE 2-Chile's Concha y Toro 1st-qtr net falls 7.6 pct

(Adds sales, details from third paragraph)

SANTIAGO, April 28 (Reuters) - Concha y Toro, Chile's leading wine exporter, on Monday said first-quarter net profit fell 7.6 percent compared with a year earlier because of the sharp depreciation in the U.S. dollar.

Concha y Toro CHT.SN(VCO.N: Quote, Profile, Research) posted net profit of 5.785 billion pesos ($13.22 million) for the period, compared with 6.262 billion pesos during the first quarter of 2007.

First-quarter revenue slipped 1.9 percent to 57.635 billion pesos from the same period last year.

"Growth in all areas was outstanding: in exports to international markets, domestic sales and the performance of our foreign subsidiaries. However, results were offset by the dramatic fall in the exchange rate," Eduardo Guilisasti, Concha y Toro chief executive, said in a statement."

The U.S. dollar depreciated about 19 percent against the peso in the 12 months through the end of March.

The company said dollar-denominated exports increased 13.3 percent as volume grew 4.7 percent. Expansion was led by its Argentine subsidiary, which saw dollar-denominated exports grow 18 percent.

Operating profit fell 3 percent to 8.61 billion pesos due to exchange rate effects.

Last year, company profit nearly doubled to 34.059 billion pesos on rising export sales and lower material costs, as revenue increased 23 percent to 285.79 billion pesos. ($1 = 437.71 Chilean pesos at the end of March) (Reporting by Manuel Farias; Writing by Lisa Yulkowski; Editing by Maureen Bavdek)