Pernod Ricard Full-Year Net Profit Up 10%

Pernod Ricard SA PDRDY reported a rise in its full-year net profit. Pernod Ricard's net profit for the period surged 10% to 1.15 billion euros ($1.44 billion), versus EUR1.05 billion, in the year-ago period. However, analysts were expecting a net profit of EUR1.2 billion. Its net sales climbed 7% to EUR8.22 billion, versus EUR7.64 billion. Its sales in France declined 1%, while sales in the America climbed 5%. Pernod Ricard shares fell 1.64% to close at $21.72 yesterday.