The Korean drinks company Doosan Corp announced today a 21.6% rise in sales to 501.4 billion won (US$392m) during the first quarter of the year, with net profit rising to 18 billion won, up 119.5 per cent compared to the same period last year.  Alcoholic beverages contributed 53.8 billion won.

Doosan said it expects to see 2.25 trillion won in sales this year, with 101 billion won in net profit.

By 2006, it plans to boost its sales to 4.18 trillion won and operating profit to 724.5 billion won. It also plans to cut its debts from 1.63 trillion won to 770.7 billion won this year.