Pernod Ricard whose brands include Jacob's Creek wine and Jameson whiskey said interim sales dipped due to negative currency effects and the weaker global economy.

For the six months to June, the French drinks group posted a 3.7% rise in net profit before tax and exceptional items.

Sales were down 0.5% to 1.5bn euros but Pernod noted that organic growth was up 8%.

Volumes of Martell brandy rose 9% and Chivas Regal by 4%, with good Havana Club rum and The Glenlivet whisky.

Chief executive Patrick Ricard said he expects full-year organic growth of 15%, but noted this would be subject to exceptional items and exchange rates.