BERMUDA: Bacardi posts record sales as net falls

By Anne Brockhoff | 30 June 2003

Bacardi Ltd, the Bermuda-based maker of Bacardi rum, posted record sales for the fiscal year ended March 31, even as net earnings fell, the company's annual report said. Sales rose to US$3.1 billion, in part due to a strong exchange rate against the euro, the introduction of new products and gains in ready-to-drink beverages like Bacardi Breezers. Bombay Sapphire gin saw double-digit volume growth, though Bacardi rum sales were flat and Dewar's sales fell 5%, the report said.

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Bacardi Ltd, the Bermuda-based maker of Bacardi rum, posted record sales for the fiscal year ended March 31, even as net earnings fell, the company's annual report said. Sales rose to US$3.1 billion, in part due to a strong exchange rate against the euro, the introduction of new products and gains in ready-to-drink beverages like Bacardi Breezers. Bombay Sapphire gin saw double-digit volume growth, though Bacardi rum sales were flat and Dewar's sales fell 5%, the report said.

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