RUSSIA: Volga beer sales rise 47% - reports
The Russian brewer Volga saw its sales rise by some 47% in 2003 to 7m decaliters of beer, compared to a year before, the company's press service was quoted as saying on Monday.
Revenues were reported up 78% on the year to R846m (US$28.7m), while the company's share of the Nizhny Novgorod Region beer market went up to 36.8% from 30.4%.
Volga is controlled by the Central European Brewing Company, the major shareholder of which is Wimm-Bill-Dann Foods.
Sectors: Beer & cider
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