The SABMiller subsidiary Plzensky Prazdroj saw a 2.6% rise in net profit last year, on the back of a 6.4% rise in revenues, it was reported today.

Local press reported that the CEO of the Czech brewer Mike Short said net profit reached Kc3.46bn for the year ended 31 March 2007. Sales reached Kc14.42bn.

Speaking to journalists, Short explained that profit was up, in part, on the back of better exports.

The beer company sold 10.89m hectolitres of beer, in the period, up 4% year-on-year.

Prazdroj is looking to invest Kc15bn over the next decade, reporters were told. In the last fiscal year, the company invested over Kc3.5bn. This year's investment, would be similar Short said.