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Published:  23 July, 2008

By Stuart Peskett

One up, two down' is how best to describe the fortunes of drinks giants Allied Domecq and Rmy Cointreau and distributor Maxxium Worldwide after their latest financial figures were released. Allied enjoyed a pre-tax profit increase of 3.1%, from 480m for the year ending August 2002 to 495m over the same period this year, but French spirits group Rmy suffered a 13% drop in sales, while Maxxium suffered a staggering 27% slide in its net profit - from E22m for the year ending June 2002, to E16m over the same period this year. Its total net sales dipped slightly from e1.38bn to E1.37bn, while its operating profit fell 5.8%, from E51m to 48m. Chief executive Roland van Bommel said the net-sales fall was entirely driven by the strength of the euro', but he added that the group was also hit by a weaker economic climate, significant duty increases and the impact of SARS'. Rmy Cointreau remained optimistic after consolidated turnover fell from E477.5m between April and September 2002 to E414.7m over the same period this year. But it also announced growth of 5% for the second quarter of the six-month period.