Russian brewer Baltika has reported a 35% leap in net profit for the nine months to the end of September.

Baltika, owned by a venture between Carlsberg and Scottish & Newcastle, today (13 November) posted net profit of EUR260.6m (US$333.8m).

The brewer saw sales soar by almost 77% to EUR1.4bn after its merger with three other Russian breweries owned by the venture, Baltic Beverages Holding.

The merger of Baltika with the Pikra, Vena and Yarpivo breweries is expected to save between US$60-80m in distribution costs.

Earlier this month, Baltika said it is considering building a brewery in the Siberian city of Novosibirsk next year.