date:Jun 09, 2014
Rmy Cointreau SA said on Thursday that it expects revenue and operating profit to start growing again in the year ahead after net profit by fell more than half in the previous year as sales of the French company's brandy slumped in China.
Rmy Cointreau said net profit fell 52% to EUR62.4 million ($84.89 million) in the year to end-March as a crackdown on corruption in China led to a sharp decline in demand for cognac that has chilled the entire industry for the past year.
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