Remy Cointreau in high spirits as annual profits rise
Increase is due to improving demand for its premium cognacs in China, firm sees further growth this year
Paris
REMY Cointreau reported higher-than-expected annual profits, thanks to improving demand for its premium cognacs in China, and predicted further profit growth this year.
The maker of Remy Martin cognac and Cointreau liqueur said it was making faster-than-expected progress on its plans to sell higher-priced spirits to boost profit margins, and the company raised its medium-term profitability forecasts.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO