Seagram Co.: Seagram, a worldwide marketer of...
From Times Staff and Wire Reports —
Seagram Co.: Seagram, a worldwide marketer of alcoholic and non-alcoholic beverages, reported a 20.5% year-to-year gain in net income for the year ending Jan. 31 to $710.6 million. Revenue rose 10.4% to $5.6 billion. For the fourth quarter, net income grew 22.9% to $146.2 million. Fourth-quarter revenue rose 7.8% to $1.7 billion. The company, based in Montreal, said the gains were due to the inclusion of sales from lines acquired in mid-1988 and to increased profits of Du Pont Co., of which Seagram owns 24%.
