Portuguese brewer and soft drinks group Sumolis has posted steady sales in H1, due to a growth in foreign markets compensating for a fall in domestic sales.

Late last week, the company said that sales remained unchanged at EUR82.6m (US$116.9m) after sales volumes in the Portuguese market were affected by "unfavourable climatic conditions and the strong competitiveness". However, the company added that it managed to bolster its weak performance in the home markets with a 40% increase in sales in Angola, the US and several European markets.

Sumolis said that it saw consolidated net profit after minority interests of EUR200,000 and pre-tax profit at EUR400,000.

The earnings before interest, tax, depreciation and amortisation (EBITDA) went up by 6.9% to EUR7.9m and the earnings before interest and tax (EBIT) grew by 37.8% to EUR2.7m.

Grupo Sumol, the legal name for Sumolis in Portugal, is the parent company behind a number of drinks producers and distributors in Portugal. Its brands include Sumol soft drinks, Serra da Estrela mineral water and Tagus beer.

In March, the company reported it saw consolidated net profit for the year swing into the black from the red in 2005. Net profit came in at EUR2.2m in 2006, against a loss of EUR1.3m in 2005. The turnaround came from a 4.5% year-on-year lift in turnover, which hit EUR172.8m.