Remy Cointreau Net Profit Drops 20%

Remy Cointreau SA REMYF reported a 20% fall in its profit for the first six months of the year. Remy Cointreau's net profit for the period declined to 69.3 million euros ($93.7 million), versus a year-ago profit of EUR86.6 million. Its operating profit dropped 6.2% to EUR132.7 million versus EUR141.5 million.