French spirits group Remy Cointreau said it would again hand investors a special dividend after booming demand for its premium cognac in China lifted full-year profits and it slashed net debt by 43 percent.
Remy Cointreau SA (OTC: REMYF) reported an 18.2% rise in its revenue in the first nine months of its financial year.
Remy Cointreau's revenue climbed to EUR821 million, versus EUR694.7 million.
Remy Cointreau's Q3 organic revenue surged...
French spirits group Remy Cointreau said on Tuesday it was actively looking for acquisitions after cutting first-half debt and said it had the firepower to seal deals worth up to 800 million euros ($1.07 billion).
Remy Cointreau SA, the Paris liquor producer, reported that first-half net income tripled, and adjusted profit rose 22%, on 11% higher revenue. For the half year ended Sept. 30, Remy Cointreau earned 47.5 million euros ($63.3 million) versus...
Pernod-Ricard SA, Europe’s second- largest distiller, aims to increase profit by about 6 percent this fiscal year after joining rivals Diageo Plc and Remy Cointreau SA in reporting sales that beat estimates.
Remy Cointreau SA on Thursday said group share of net income for the year ended March 31 fell to €70.5 million ($103 million) against €86.3 million in the year-ago period, chiefly due to a €45 million impairment of its Metaxa brand....
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