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Carlsberg profits boosted by Asian sales Carlsberg profits boosted by Asian sales
(about 1 hour later)
Danish brewer Carlsberg has returned to profit in the first quarter of the year, helped by strong sales in Asia.Danish brewer Carlsberg has returned to profit in the first quarter of the year, helped by strong sales in Asia.
The world's fourth largest brewer reported a net profit of 62m kroner ($10.9m; £7m), compared with a loss of 76m a year earlier. The world's fourth largest brewer reported a net profit of 62m kroner ($10.9m; £7m), compared with a loss of 76m kroner a year earlier.
Sales in Asia were up 13%, and the region now make up 20% of Carlsberg's group revenues.Sales in Asia were up 13%, and the region now make up 20% of Carlsberg's group revenues.
Carlsberg's brands include Tuborg, Kronenbourg, Baltika and Holsten Pilsner.Carlsberg's brands include Tuborg, Kronenbourg, Baltika and Holsten Pilsner.
In common with other leading global brewers, Carlsberg has increasingly been looking to Asia to boost sales and offset weakness in more mature markets, such as the eurozone.In common with other leading global brewers, Carlsberg has increasingly been looking to Asia to boost sales and offset weakness in more mature markets, such as the eurozone.
Recent figures for parts of Asia have shown the rate of economic growth slowing.Recent figures for parts of Asia have shown the rate of economic growth slowing.
But Carlsberg's chief executive, Jorgen Buhl Rasmussen, said he still expected the Asian market to show rapid growth this year.But Carlsberg's chief executive, Jorgen Buhl Rasmussen, said he still expected the Asian market to show rapid growth this year.
"I see no reason that the picture from 2012 should change significantly in 2013," he said."I see no reason that the picture from 2012 should change significantly in 2013," he said.
Sales were particularly strong in Vietnam, Cambodia and India.Sales were particularly strong in Vietnam, Cambodia and India.
The company also has a joint venture in the China's Chongqing Jianiang Brewery, where it has recently increased its share.The company also has a joint venture in the China's Chongqing Jianiang Brewery, where it has recently increased its share.