RUSSIA: Kristall distiller Q1 profits rise - report
Kristall Moscow Distillery, one of Russia's largest alcoholic drinks makers, has seen net profits rise by 45% in the first quarter of 2009, according to a local report.
Kristall, which is majority controlled by the Russian Government, saw profits for the first three months of 2009 hit RUB54.7m, according to Russian newswire Interfax today (18 May).
Sales dropped to RUB828.7m, compared to RUB950m in the same period last year, it said.
Last year, French drinks firm Belvédère said that it had held discussions to buy one of Russia's main distilleries, widely speculated to be a subsidiary of Kristall.
The spirits industry, like other industries, has been hit by the current global economic crisis. Euromonitor International's latest global briefing, 'Global Opportunities for Leading Spirits Players d...
A commercial court in Dijon, eastern France, has approved a relaunch plan presented by embattled French drinks group Belvédère that will reschedule the group's debt over 10 years....
Belvédère, the French drinks group under a bankruptcy protection order in France, has reported a net loss for the first six months of 2009....
Having expected to fly into a resolutely downbeat mood at this year's Tax Free World Association expo in Cannes, just-drinks discovered that many drinks companies are nurturing a growing sense of opti...
Troubled French drinks group Belvédère is confident that it will relaunch itself before the end of the year, according to one senior executive at the company....
Judicial administrators have accepted the debt rescheduling plan of embattled French drinks group Belvédère at a behind-closed-doors hearing, the firm has said....
The top ten stories published on just-drinks this week:...
French drinks firm Belvédère, which is under bankruptcy protection, has said that Hollywood actor Bruce Willis is ready to invest in the company and is being invited to take a seat on its board....
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory