Headlines

Pernod Ricard Quarterly Sales Up 2.4%

French drinks group Pernod Ricard (Paris: FR0000120693 - news) reported on Thursday a 2.4 percent sales increase in the third quarter of its 2012/13 financial year and confirmed its target for a rise in full-year operating profit of almost six percent. Pernod, which owns a wide range of brands including The Glenlivet, Jameson, Chivas and Ballantine's whiskies and Mumm champagne, said that sales rose to 1.743 billion euros ($2.27 billion) in the three months to March 31, and added that in the first nine months of its year they totalled 6.65 billion euros, mainly owing to strong demand in China, India and Russia. (Yahoo! Finance)