China's thirst for cognac helps Remy Cointreau top profit forecast
Strong profit gives investors a special dividend
06 June 2019 - 17:46
Paris — Remy Cointreau handed investors a special dividend payout after reporting a stronger-than-expected 14% rise in annual operating profit, helped by cost cuts and robust demand for its premium cognacs in China.
The maker of Remy Martin cognac and Cointreau liqueur said its strategy of selling higher-priced spirits to boost profit margins was delivering results, and it aimed to further improve profitability while also boosting capital spending...
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