Market Overview

Remy Cointreau Annual Profit Jumps


French company REMY COINTREAU (OTC: REMYY) reported a strong rise in its net profit for the year ended March 31.

The company's net profit for the fiscal full-year surged TO 92.6 million euros, versus a year-ago profit of 62.4 million euros.

Excluding non-recurring items, profit surged to 94.6 million euros ($107 million), while EPS rose to 1.95 euros from 1.63 euros.

Its revenue slipped 6.4 percent to EUR965 million.

Current operating profit surged 3.9 percent to EUR156 million.

Remy Cointreau's board will propose a dividend of EUR1.53 per share.

Posted-In: ProfitsEarnings News


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