The Portuguese soft drinks and beer maker Sumolis has turned in a profit of €1.6m (US$2.0m) for 2003, having reported a loss in 2002 of €1.3m (US$1.6m) for 2002.

Sales were up 5.6% to €157.4m, driven in particular by the domestic market.

The company also said it was boosted by a restructuring process in initiated in 2003, which saw the company separate its various business activities from soft drinks to beer into separate units.

However, turnover reached €170.7m in 2003, down from the €172m in 2002.