DENMARK: Harboes Bryggeri profits up despite sales slip
Harboes Bryggeri has re-affirmed its full year guidance after seeing a first quarter of growth in pre-tax profits, despite a fall in turnover.
The Danish brewer said earlier this week that it had achieved first quarter profit before tax of DKK20.5m (US$3.92m). This compared to DKK15.6m in the same period last year.
Net turnover fell, however, to DKK413.8m from DKK 431.6m.
Profit after tax was up, reaching DKK15.9m from DKK11.4m, whilst operating profit also grew to DKK20.4m from DKK17.1m.
Harboes confirmed its full-year outlook of a pre-tax profit of between DKK55m and DKK65m.
Sectors: Beer & cider
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