Rémy Cointreau, a France-based alcohol manufacturer that produces cognac, liqueurs, brandy, champagne, rum, gin and Armagnac, has posted net profit of EUR110.8m for the full year ended 31 March 2012, up 57%, compared to EUR70.5m for the year ended 31 March 2011.

Net profit excluding non-recurring items was €123.9m, an increase of 15.3%, compared with 2011.

Current operating profit increased 24.4% from €167m for the year ended 31 March 2011 to €207.7m for the year ended 31 March 2012.

Turnover for the year ended 31 March 2012 increased 13% to €1,026.1m from €907.8m for the year ended 31 March 2011.

Net debt plunged to an all-time low of €188.6m.

The financial year was marked by good performance of Rémy Martin brand whose turnover increased 21.9% to €592.5m and current operating profit increased 23.1% to €173m from €140.5m in 2011.

Liqueurs & Spirits division reported a turnover of €215.8m, increase of 3.8%, compared with 2011.

Current operating profits were up 23.5% from €42.6m for the year ended 31 March 2011 to €52.6m for the year ended 31 March 2012.

Rémy Cointreau reported double-digit growth in Asia-Pacific, the US and Europe, where the growth was mainly driven by Western Europe and Russia.

Formed in 1990-91 after a merger between Rémy Martin and Cointreau, Rémy Cointreau’s portfolio of brands include Rémy Martin (cognac), Mount Gay (rum), Cointreau (liqueur), Passoa (liqueur), Metaxa (brandy) and both Piper-Heidsieck and Charles Heidsieck champagnes.