Remy Cointreau in high spirits as annual profits rise

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.