RUSSIA: Healthy juice sales cheer Lebedyansky
Rising juice and mineral water sales have helped boost full-year earnings at Russian soft drinks group Lebedyansky.
The company, based in Moscow, yesterday (5 February) posted a 14% jump in net income to US$85.4m for 2006. Revenues leapt by 38% to US$710m, Lebedyansky said.
The group's juice sales were up by 32% to US$620m, thanks to growing demand for key brands Ya and Tonus.
Troya-Ultra, a St. Petersburg-based juice firm that Lebedyansky bought last October, also began to contribute to group revenues. Adding sales from its Troya-Ultra business, sales were even more robust, up 34%, Lebedyansky said.
The company added that its mineral water business, which represents only a small fraction of its revenue, posted sales of US$7m last year.
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