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Carlsbergs shares soared 16% thanks to Russia
6.08.2008 12:29
Carlsbergs shares soared 16% thanks to Russia

Yesterday Carlsbergs shares grew 16% after the company announced about taking a leading position on the Russian market. The second quarter of 2008 saw 36% of net profit growth up to $290 million.
      The Danish brewer produces beer under such brands as Carlsberg, Tuborg, Baltika and Kronensbourg.
      The share of Russian brewer Baltika on the Russian beer market has increased by 2.8% up to 38% for the last 4 months. At the same time the sales volume soared 6.8%.
      On the whole Carlsberg raised sales volume in Russia by 2.4%. The company forecasts 5% growth in 2008.
      Carlsberg and Heineken acquired Scottish&Newcastle brewery, owning the controlling interest in Russian Baltika, last month for $15.4 billion.


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