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CANADA: Molsen announces profits to shareholders

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Molson shareholders were told at an annual shareholders meeting in Montreal that the Canadian beer giant made profits of CAN$133.9m (US$87.2m) for the year ended in March, compared to a loss of CAN$44m last year. The brewery claimed that as a result, its share price has increased by 88%, which it says is higher than any other major brewer worldwide. Molson's revenue went up 5% with beer volume rising 2.6%.


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