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Pernod Ricard Lifts FY20 Organic Profit From Recurring Operations Outlook

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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