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Jameson boosts Pernod Ricard sales, caution on China

2015-08-27 13:24:40| Beverages - Topix.net

JAMESON whiskey maker Pernod Ricard reported full-year 2014/15 underlying profit growth of 2 percent on Thursday, slightly below analysts' expectations, thanks to cost cuts and improving cognac sales in China. Parent Pernod Ricard, the world's second-biggest spirits group behind Britain's Diageo, handed investors a 10 percent dividend hike, although a 404 million euro impairment charge on its Absolut vodka, which faces lower U.S. growth, weighed on net profit.

Tags: sales china caution jameson

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