The Swedish brewer, Spendrups, has reported a pre-tax profit for 2002 of SKr89m (US$10.5m/€9.8m), against SKr11m (US$1.3m/€1.2m) in 2001.

Net turnover at the company, which is owned by the Swedish investment company, Spendrup Invest AB, rose by 18% to SKr2.08 billion (US$245.8m/€228.3m).