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FRANCE: Charles de Cazanove moves into profit

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Champagne house, Charles de Cazanove, reported a €180,000 (US$162,650) net profit for 2001 against a net loss of €290,000 in 2000. Operating profit for 2001 reached €1.85m compared with €760,000 in 2000. The company also moved back into the black at the pre-tax level, recording a pre-tax profit of €270,000 for 2001 against a €680,000 pre-tax loss for 2000. Turnover rose from €27.2m in 2000 to €36.4m in 2001.


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