News

SOUTH AMERICA: Panamco downgrades 2002 forecasts, announces $98m of charges

Most popular

What will be Pernod Ricard's priorities?

What are Diageo's priorities for the years ahead?

Pernod Ricard Performance Trends 2014-2018 - data

What's coming up in soft drinks in 2019?

MORE

Panamerican Beverages (Panamco) revealed today that it expects to record one-time charges in its third quarter of around US$95-$98m, before taxes, or US$80-$83m, net of taxes, in order to address the deteriorating economic conditions in some of its markets. "We have moved aggressively and proactively to enhance our ability to operate successfully in a very difficult macroeconomic environment, with the additional benefit of positioning ourselves to reap even greater rewards as the economic environment improves," stated Craig Jung, Panamco's chief executive officer.


Related Content

How much of alcohol's

How much of alcohol's "health benefits" relate to a consumer's socio-economic status? - Internationa...

Pernod Ricard reaps reward of China, India return - Analysis

Pernod Ricard reaps reward of China, India return - Analysis...

The just-drinks Interview - Isaac Sheps, CEO of Carlsberg's Baltika

The just-drinks Interview - Isaac Sheps, CEO of Carlsberg's Baltika...

Review of the Year 2009 - Wine

Review of the Year 2009 - Wine...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?