Campari Posts Downbeat 2011 Profit, Lifts Dividend

Davide Campari-Milano SpA

reported a rise in 2011 group net profit. Campari's board proposed a 16.7% rise in its dividend to EUR0.07 a share. Campari's net profit climbed to EUR159.2 million, versus EUR156.2 million in the previous year, versus analysts' estimates of EUR173 million. Campari's net sales surged to EUR1.27 billion from EUR1.16 billion, versus analysts' estimates of EUR1.3 billion.