CZECH REPUBLIC: Staropramen profits slide in '08
By Lubomír Sedlák | 1 July 2009
Czech brewer Pivovary Staropramen, part of Anheuser-Busch InBev, has reported a 50% drop in profits for 2008.
Net profits slipped to CZK290m (US$15.9m) for the year, down from CZK578m in 2007, according to the company's annual report, published 30 June. Net sales rose 5.5% to CZK4.05bn.
Staropramen said that it produced 2.6m hectolitres of beer in 2008, giving it a domestic market share of nearly 16%.
The company runs two breweries, Staropramen proper being located in Prague, and the other called Ostravar in the north Moravian city of Ostrava.
A spokesperson for Staropramen in Czech Republic could not be reached for further comment today (01 July).
It is thought that A-B InBev has received interest in Staropramen from potential buyers. Analysts told just-drinks recently that a sale would "make sense".
Sectors: Beer & cider
Companies: InBev, Anheuser-Busch
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