Czech brewer Pivovary Staropramen, part of Anheuser-Busch InBev, has reported a 50% drop in profits for 2008.

Net profits slipped to CZK290m (US$15.9m) for the year, down from CZK578m in 2007, according to the company's annual report, published 30 June. Net sales rose 5.5% to CZK4.05bn.

Staropramen said that it produced 2.6m hectolitres of beer in 2008,  giving it a domestic market share of nearly 16%.

The company runs two breweries, Staropramen proper being located in Prague, and the other called Ostravar in the north Moravian city of Ostrava.

A spokesperson for Staropramen in Czech Republic could not be reached for further comment today (01 July).

It is thought that A-B InBev has received interest in Staropramen from potential buyers. Analysts told just-drinks recently that a sale would "make sense".