The Greek writedown wiped two-thirds off Remy's group net profit, which slumped to €14.1m in the six months to the end of September.
The problems in Greece offset strong growth in the Chinese cognac market.
Greek tragedy for brandy profits
FRENCH drinks group Remy Cointreau revealed yesterday that it has taken a blow from the Greek economic crisis, writing €45 million off the value of its Metaxa brand as sales of the Greek brandy declined in its domestic market.