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Pernod Ricard accounts reveal liquor giant s $10 million loss
7 Jan, 2021 01:00 AM
3 minutes to read
Aimee Shaw is a business reporter focusing on retail, small businessaimee.shaw@nzherald.co.nz@AceeyShaw
French spirits and wine maker Pernod Ricard posted a $10.25 million loss from local New Zealand operations in its 2020 financial year. That loss is a stark turnaround from the $18m profit raked in the previous year.
It s New Zealand holding company, Millstream Equities, posted revenue of $285m in the year to June 30, an increase on $261m posted in 2019, but the company faced increased outgoings in the year, including an additional expense of $10m from restructuring its operational footprint.