Pernod Ricard profit up 1%

THE world’s second largest drinks company Pernod Ricard made a net profit of €840m, an increase of 1% for the year to end June 2008.

Strong sales of key brands including Chevas Regal and Jameson whiskies, Mumm champagne and Martell brandy boosted turnover across all markets which rose 9% to €6.58bn for the year.

In France the group’s shares fell a hefty 5.83% to €58.38, after the results disappointed analysts.