SUN Interbrew, Russia's second-largest brewer, saw revenues rise almost 30% last year as its sales growth outpaced the country's beer market.

The InBev subsidiary yesterday  (27 April) reported a 29.4% leap in net sales to EUR894.7m (US$1.1bn), driving an 8.1% increase in net profit to EUR54.45m.

The company saw its beer sales in Russia grow by over 20%, outperforming a beer market that grew by over 6%. SUN Interbrew even managed to outpace a buoyant beer market in the Ukraine. Its beer sales there leapt 25.2% with the market growing by 24.3%.

"SUN Interbrew ended the year in both countries with record market shares: 17.8% in Russia and 35.8% in Ukraine," the brewer said.

"Good sales results achieved in the 2005, despite the increased competition in Russia and slower market growth, confirm the chosen strategy. We believe that with the continued strong innovations introduced on the markets we will be able to outperform the competitors and expand our share in both countries in 2006."

SUN Interbrew consolidated its position as the second-largest brewer in Russia last year with the acquisition of St-Petersburg-based Tinkoff in a deal worth EUR167m.