Pernod H1 Earnings Up After Allied Domecq Takeover

27 March 2006

    PARIS - Reporting consolidated results for the first time since it acquired Allied Domecq in July last year, French spirits and wine group Pernod Ricard unveiled net profits of €488 million ($587.26m; £336.98m) in the six months to December, up year-on-year by 51%.
    Sales increased 69% to €3.27bn, in line with figures released in February. Synergies from the acquisition had already produced 40% of targeted cost savings, the group said.