Russia's second-largest brewer SUN Interbrew has posted a staggering 182% leap in first-half profits.

The brewer said yesterday (13 September) that net profit for the six months to 30 June had leapt to EUR49m (US$62.4m) from EUR17.4m a year earlier. Net sales rose 33.4% to EUR528.2m.

SUN Interbrew outpaced the growth of the Russian and Ukrainian beer markets during the first half and said it had ended the period with a record market share in both countries.

The InBev arm holds an 18.6% share of the Russian market and a 36.8% share of the Ukrainian beer market.

"We believe that with the continued strong innovations introduced on the markets, such as the launch of Stella Artois and Beck's in aluminium bottles this spring, we will be able to outperform the competitors and expand our share in both countries during 2006," the company said.