Baltika, the Russian brewer based in St. Petersburg, saw its net profits rise 76% from last year's 2.3 billion rubles (US$739.m) to 4 billion rubles in 2001.

As reported in just-drinks last month sales were up 32% year-on-year to 1.401 billion litres. Its eponymous flagship brand 'Baltika' was up 16% to 790m litres.

Other brands also performed well with the 'Don' beer up 56% to 105m liters; 'Arsenalnoye up 150% to 290m liters (118 million) and 'Medovoye' up 10% to 216m.

The company invested US$115m on development last year, the most it had in any other year. Share in the domestic market increased to 22.5%.