France’s Pernod Ricard says sales up 11% October 25, 2012 - 11:47 AMT PanARMENIAN.Net - French beverage company Pernod Ricard says sales for the most recent quarter grew 11 percent, driven by slowing but still strong demand in emerging markets, The Associated Press reported. The company behind Beefeater gin and Mumm champagne said Thursday, Oct 25, that it brought in €2.2 bilion ($2.9 billion) in revenue in its first quarter, which ended Sept 30. Sales in its home market of France continued to decline and Europe was flat, but Asia and the Americas picked up the slack. The U.S. alone recorded double-digit growth as early holiday orders picked up, and sales in Asia, Africa and the Middle East rose 20 percent. Still, the company warned that the global financial crisis is having an effect, noting that growth in Asia was beginning to slow. Unlike most companies, Pernod Ricard's fiscal year ends June 30.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
