• H1 net profits jump 54% to US$454.3m
  • Net sales in six months to end of June flat at $2bn
  • H1 operating profits increase 27% to $569m
  • Q2 net profits rise 9% to $290.9m
  • Net sales in three months to end of June inch up 1% to $1.19bn
  • Q2 operating profits rise 5.5% to $364.8m
  • Global beer volumes down 1% in Q2
  • Europe sales in H1 lift 7.5%
Molson Coors posted its half-year results earlier today

Molson Coors posted its half-year results earlier today

Molson Coors has posted a sharp jump in first-half profits as its Europe and the US units boosted margins in the face of slow sales.

There were problems in Canada, however, as underlying profits were hit by currency exchanges and the loss of the Grupo Modelo brands in the country.

CEO Peter Swinburn:

“(In the second half of 2014) we expect higher brand investments in all of our businesses, which is part of our strong and consistent execution of our brand-led profit growth strategy as a driver of total shareholder return.”

Trading in Molson Coors' shares rose immediately after the release of the numbers: At 0940, they were up by 5% at $70.62.

For a drilldown into the company's performance on a regional basis, click here.

For an analysis of the results, click here.

Coverage of Molson Coors' post-results conference call can be found here.

To read the company's full results, click here.