Seagram Co.’s profit rose 19% to $165.5...
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Seagram Co.’s profit rose 19% to $165.5 million in the second quarter. The Montreal company said dividend income from its 22.9% stake in Du Pont and as well as its share of Du Pont’s earnings contributed 86% of Seagram’s profit in the period. Although revenue from Seagram’s beverage operations jumped 43% during the quarter to $1.25 billion, profit increased less than half as much.
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