PARIS (dpa-AFX) - French drinks company Pernod Ricard SA (PDRDF.PK, PDRDY.PK, PRN.L) said that it now expects an organic decline in profit from recurring operations of 15% for fiscal year 2020. Previously, it expected annual organic profit from recurring operations declined 20%.
Organic growth was calculated after excluding the impacts of exchange rate movements and acquisitions and disposals, the company said.
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