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CANADA: Molson confirms growth targets, but mulls rationalisation

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Molson, the Canadian brewer has reiterated its profit growth target for the year. Molson said it would post earnings per share of between C$1.95 and C$2 in the fiscal year started in April. Molson generated a profit from continuing operations of C$1.62 a share in the previous year. However, the company also announced that it would be focusing on increased profitability rather than market share gains in the future. As a consequence it was considering plant closures in Brazil to improve profitability at its recently expanded subsidiary there.


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