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Pernod Ricard, the world's second largest producer of alcohol, reduced its net profit by 11% in the first half of the year. Profit exceeded 1 billion euros. The company explains the drop in the index by a significant increase in income a year earlier. Pernod Ricard revenue grew by 5% and exceeded 5 billion euros. The growth rate in organic terms was 7.8%. Much of the company's sales come from the United States. In the Americas, Pernod Ricard sales increased by 4%, sales remained unchanged in Europe, and increased by 16% in Asia and other regions. The forecast of organic growth has grown to 6-8%. During trading on Thursday, Pernod Ricard shares added 1.9%. In 2008, the company bought the Swedish Vin & Spirit Group, having made the largest acquisition in history.
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
June had seen China’s factory gate prices falling for five consecutive months. This could be attributed to the novel coronavirus crisis dragging industrial demand. However, improvements monitored in some parts of the sector indicate ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
France is expected to recover in 2022, forecasting that the country’s economy will recuperate from its sharpest post-war recession brought by the novel coronavirus crisis, the central bank said on Tuesday. Europe’s second-largest ...
On Thursday, the semiconductor manufacturing company Broadcom Inc. (AVGO.O) posted its second-quarter revenue estimates worth $5.742 billion and suggests a delay on the Apple Inc.’s (AAPL.O) iPhone 12 launch on the first week of September ...
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