Harboes Bryggeri has posted a rise in both operating profit and gross revenue for the year.

The Danish Brewery said earlier this week that operating profit for the financial year from May 2003 to April 2004 rose to DKK105.1m (US$17.1m) from DKK63.7m the previous year.

Gross revenue also increased, to DKK1.67 bln from DKK1.58 bln.

Earlier this year, Carlsberg announced that it had sold its 29.07% stake in Harboes for DKK252m.