JAPAN: Kirin Q3 boosted by beer-like brand
Kirin Brewery has been boosted by sales of its beer-like products in its third quarter, leading to a 3.4% rise in operating profits in the period.
Kirin reported group operating profit of JPY47.89bn (US$405.3m) for the quarter. The company also confirmed its full year estimate of 0.6% growth with an operating forecast of JPY110bn.
Kirin's beer-like brand Nodogoshi Nama, which was launched in April, along with the company's 'happoshu' brews, helped drive up sales in the July-September period 5%. The result was achieved against the backdrop of overall declining sales on the Japanese beer market.
A spokesperson said: "Strong sales carried into August and September, while last year we had brisk sales just in July, when the weather was hot."
Sectors: Beer & cider
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