Royal Unibrew has announced plans to launch a share buy-back programme.

The brewery group, formerly known as Bryggerigruppen, said yesterday (25 August) that it hopes to buy back a total of around DKK100m's (US$16.5m) worth of shares, corresponding to 2.8% of the total share capital.

Earlier this week, the company, which changed its name in May, posted a healthy rise in H1 net profit to DKK49.8m from DKK36.7m in the corresponding period a year earlier. Turnover was up for the six-month period to DKK1.515bn from DKK1.306bn.