Remy Cointreau SA
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Remy Cointreau posts 35% profit drop, shares jump on recovery hopes
French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning. Remy Cointreau SA reported a sharp fall in annual profit, although the result exceeded analysts' expectations, with improving performance in the Americas helping offset the impact of tariffs in key markets, including the US and China.