COPENHAGEN: Carlsberg Group, the Danish brewery that has dozens of international brands in its portfolio of beers beyond its flagship offering, said on Wednesday its solid results in the first half of the year were powered by growth in Asia and among its premium labels.
“We’re satisfied with this solid set of results, which have been achieved in a challenging environment,” chief executive Cees ‘t Hart said in a statement, reported dpa news agency.
“The strategic health of our business continues to improve, as seen from the growth of our international premium brands and continued growth in key markets in Asia.”
The company reported profit before tax of 5.7 billion Danish krone (US$835 million) for the first half of the year, higher than 5 billion krone in the same period a year ago, helped by revenue growth in all regions.
Net profit for the period was 3.4 billion krone compared with a net loss of 5.276 billion krone in the previous year.
Carlsberg said its premium portfolio volume growth of 3 per cent was driven by international brands such as Tuborg, 1664 Blanc, and Brooklyn.
On Tuesday, Carlsberg Group lifted its full-year earnings expectations for 2023. – BERNAMA-dpa
