Yarpivo has posted a rise in sales and net profit for the first nine months of this year, while administration costs tripled.
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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.
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