In high spirits

The company recorded revenues of $421.3 (zł.867.87) million and a net profit of $42.8 (zł.88.16) million, marking y/y increases of 57 percent and 70 percent, respectively.

CEDC's recent acquisitions - including Russian premium vodka brand Parliament and Russian spirits importer Whitehall Group - proved strong additions to the firm.

"After the first full quarter of integration of our activities concerning Parliament and approximately one month of profits resulting from our activities concerning Whitehall, we are glad to see a continuing strong growth trend in all areas of our operations," said William Carey, president of the board of CEDC.

He added that the company was seeing an increase in sales of its major vodka brands as well as strong demand for CEDC-imported wines and other alcoholic products.

CEDC is the largest vodka producer and alcoholic beverage distributor in Poland.