RUSSIA: Yarpivo figures and market share on the up
Yarpivo has posted a rise in sales and net profit for the first nine months of this year, while administration costs tripled.
The Russian Brewers Union yesterday announced that the brewer saw net profit climb by 11% to RUB1.19 billion (US$40m) on the back of sales of RUB4.8 billion, an increase of 27%. Administrative costs rose to RUB2.32 billion, while cost of production climbed by 21% to RUB2.48 billion.
The strong figures allowed Yarpivo to increase its market share in Russia to 7.2% at the end of September. At the beginning of this year, the brewer held 6% of the market.
The company, owned by Baltic Beverage Holdings, also said that its volume sales for the first 11 months of 2003 rose by 13% to 490m litres.
Scottish & Newcastle has raised concerns about the possibility that plans to merge Russia's Baltika brewery with three other brewers may not receive investor approval....
Investment house, Citigroup, has begun its coverage of shares in the Danish-based international brewing combine, Carslberg AS, with a "sell" rating and a price target of DKR315....
Baltic Beverage Holdings plans to begin consolidating its Russian assets with the brewer Pikra, a press report said today....
Scottish & Newcastle and Carlsberg said today that their Eastern European joint venture Baltic Beverage Holdings had seen sales volumes lift 14% in the first quarter of the year, compared to the same ...
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