Euronews
Europe · 4 hrs ago
✦ 78✓ Factual
Remy Cointreau posts 35% profit drop, shares jump on recovery hopes
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French spirits company Remy Cointreau saw net profit fall 35% due to tariff impacts in China and the US, but its share price rose over 10% on hopes of a market recovery.
Remy Cointreau posts 35% profit drop, shares jump on recovery hopes
French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning.
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