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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 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. |
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