Carlsberg beats profit forecasts

Danish brewer Carlsberg has returned to profit in the first quarter of the year, helped by strong sales in Asia. The world's fourth largest brewer reported a net profit of 62m kroner ($10.9m; £7m), compared with a loss of 76m a year earlier. Sales ...

Carlsberg sees no sign of slowing growth in Asia after a 13 percent rise in revenue in the region helped the world's fourth-biggest brewer beat profit forecasts. The Danish company said sales in Asia accounted for nearly 20 percent of group revenue ...

Related tags: Carlsberg, Heineken, Fraser & Neave, ThaiBev Related topics: Industry growth, Business, Beverages, South East Asia Heineken has signed a JV to produce and sell Heineken beers in Burma (Myanmar), and plans to build a $60m brewery there, ...

MUMBAI: SABMiller, the world's second-largest brewer after AB InBev, plans to invest 440 crore in its unlisted Indian arm to expand capacity and its portfolio, and revive its fortunes in Asia's third-largest economy where young urban consumers are ...

* Q1 operating profit 661 mln DKK vs 626 mln forecast * Sales 13.3 bln DKK vs 12.77 bln forecast * Says sees 2013 Asia growth at same level as in 2012 * Shares up 0.9 pct after an opening 5.5 pct surge (Recasts, adds CEO comments about Asia, context ...

Aktiefokus estimates that Carlsberg's Yunnan beer market share has fallen from 50%+ in 2003 to around the low 30s in 2013 Related tags: Carlsberg, Aktiefokus, AB InBev Related topics: Business, Beverages, China Danish multinational brewer Carlsberg, ...

The Myanmar government is prepared to relax limits on foreign ownership of breweries on a case-by-case basis, as it seeks to improve the appeal of the country to foreign investors, says a senior beer industry executive. The Myanmar Investment ...

VietNamNet Bridge Though the consumption level has been increasing rapidly, having reached 3 billion liters per annum, Vietnam still has 10 percent of output in excess. Nearly all the big brewery manufacturers once did, or have been present in ...

New Delhi, May 7: The ambassadors of five Nordic countries ? Denmark, Finland, Iceland, Norway and Sweden ? will visit Calcutta this week to check out investment possibilities. The five together make up the world's 12th largest economy. The envoys ...