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October 17, 2003

US: Fortune Brands profits leap 29% in Q3

The US group Fortune Brands Inc, which owns Jim Beam Brands, said yesterday that its third quarter profits were up 29%, thanks in part to strong growth Jim Beam Bourbon.

The US group Fortune Brands Inc, which owns Jim Beam Brands, said yesterday that its third quarter profits were up 29%, thanks in part to strong growth Jim Beam Bourbon.

Net profit reached US$146.1m in the period compared to US$113.2m in the third quarter last year.

Sales rose 8.2% to US$1.58 billion.

Profits at the spirits and wine division were up 12.1% on a 10.5% rise in sales.

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