Pernod Ricard reports 10.0% annual profit rise

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French drink and wine group Pernod Ricard reported on Thursday a 10-percent rise in annual net profit to the end of June, saying sales had been strong in its main markets, notably in Asia.

Net profit rose above 1.0 billion euros for the first time to 1.045 billion euros ($1.5 billion).

Sales rose by 8.0 percent to 7.6 billion euros and the group achieved its target for internal growth with a current operating profit which rose by 8.0 percent to 1.9 billion euros.

The group also said that it had reduced net debt by 1.546 billion euros to 9.038 billion euros.

© 2011 AFP

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