ESTONIA: Saku Ölletehas profits continue rise
Saku Ölletehas has posted another impressive rise in operating profit.
The Estonian drinks company said yesterday (4 June) that operating profit for its first quarter leapt to EEK24m (US$2.07m) from EEK9.3m in the corresponding period a year earlier. Sales for the period were also up, by 44% to EEK181m from 125 in Q1 2006.
In volume terms, beverage sales rose by a third to 21m litres.
While beer sales, in value terms, increased by 34% to EEK135m, sales of other alcoholic drinks almost doubled, hitting EEK30m. Table water sales also doubled, totalling EEK11m.
In September last year, the company delivered an 81% leap in profits for its first half of 2006. The company credited the strong figures to improved sales in all product categories and a clear upmarket shift in the beer sector.
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