Subscribe & Follow
Jobs
- Customer Service (UK Company) Work from Home Work From Home
- Assistant Store Manager Cape Town
- Retail Store Manager Pretoria
- Store Manager Port Elizabeth
- Country Head - FMCG: Food and Consumables Johannesburg
- Customer Service Team Manager - UK Market Work From Home
- Recruitment Consultant Work From Home
- Marketing Coordinator Cape Town
- Assistant Store Manager - Retail store Johannesburg
Cognac sales cheer Remy shares
Remy Cointreau shares surged by seven percent at the Paris stock exchange opening, before settling in at a more mellow 85.08 euros, up four percent on the day.
Earlier, the company reported a 4.7-percent rise in sales for the nine months to December to 836.7 million euros ($892.1 million).
Its cognac brand Remy Martin was the main driver for the increase, posting a 21-percent increase in turnover in the three months to December, the third quarter in the company's financial year which runs to March.
Early orders for Chinese New Year celebrations were behind much of the boom in cognac sales, the company said.
"This good performance highlights sustained growth in the group's brands in the third quarter, especially in the cognac division," brokers Gilbert Dupont said.
Third-quarter group sales came in four percent above analysts expectations, the Bryan Garnier brokerage noted.
Cointreau liqueur sales did well in France and the US, and made inroads into "new high-potential markets such as Greater China and Russia", Remy Cointreau said in a statement.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za