The Greek beer group, Athens Brewery, posted a consolidated pre-tax profit of €69.5m (US$63.5m) for 2001, down by 11.4% from 2000. Consolidated turnover, however, rose by 2.7% to €392.4m. Athens Brewery stated that it had invested some €113m between 1999 and 2001 in its bid to remain competitive in the international market.