Sun Interbrew said it had lost market share in the domestic beer market during the second quarter and as a result it expects its net profit for the year to be down from 2001. Analysts have also lowered their forecasts for 2002 net sales by an average of 2%.
RUSSIA: Sales up 11% at Sun Interbrew
Sun Interbrew, the Russian brewing subsidiary of the Interbrew group, reported net sales of €128.1m for the second quarter, up 11% from €115.4m in the corresponding period last year. However, the figure was 1.5% below analysts' forecasts.
September 16, 2002