News

FRANCE: Vranken-Pommery reduces loss in H1

Most popular

Coca-Cola alcohol launch a statement of intent

Coca-Cola reaps rewards of CEO's innovation bet

Interview - Beam Suntory CEO Albert Baladi

Why are spirits brands still getting women wrong?

Why 'Quality Control' is the name of the beer game

MORE

Vranken-Pommery Monopole has reported a narrowed net loss for the first six months of the year as revenues and operating profits improved.

The Champagne house reported a net loss of €2.2m, an improvement on the €6.2m net loss reported in the same period last year. Operating profit in the first half reached €3.1m, up from last year's €1.9m, whilst first half revenues were €78.2m. Revenues in the first six months of last year were €63m.

Pommery also announced a plan to buy out remaining minority shareholders in Pommery SA. The company currently controls 66.5% of Pommery SA. The company plans to launch a capital increase to finance the acquisition.

The winemaker added that in the nine months to September 30, its revenue rose 16.3% to €123.9m from €106.6m a year earlier.


Sectors: Wine

Related Content

How has Diageo performed in H1 fiscal-2019? - results data

How has Diageo performed in H1 fiscal-2019? - results data...

How did Nichols perform in H1 2019? - results data

How did Nichols perform in H1 2019? - results data...

Britvic H1 2020 - Sales rise 1.4% in

Britvic H1 2020 - Sales rise 1.4% in "robust" start - results data...

Brown-Forman H1 fiscal-2018 by brand & region - results data

Brown-Forman H1 fiscal-2018 by brand & region - results data...

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?