FRANCE: Remy posts 7% profit rise in H1

The French spirits and wines group, Remy Cointreau SA, posted net profit for the first half of the fiscal year of €43.1m ($43.5m), up 6.7% from €40.4m in the first half of last year, ahead of market forecasts. The rise was attributed to a robust performance from liqueurs and Champagne which compensated for poorer figures for Cognac and other spirits.

December 11, 2002

Remy, which had previously posted 0.5% drop in turnover for the first half to €477.5m, also reported that the second half of the current fiscal year has begun “satisfactorily.” “Consumption trends, including the US, remain positive,” the company said.

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