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.

Saku Ölletehas is majority-owned by Baltic Beverages Holding, the Eastern European joint venture between Carlsberg and Scottish & Newcastle.