Expanding business is good newsRed Bull`s big-spending Formula One foray seems secure, with the energy drink recording a thirsty 29 per cent revenue boost during 2005.
Owned by Austrian billionaire Dietrich Mateschitz, Red Bull announced annual turnover of (US)$2.6bn, with big jumps in the US, Latin American, German and East Europe markets.
Profit figures were not issued, but a report said the company`s net profit - said to increase further in 2006 - `improved over 2004, which was a very good year`.
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