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The net profit and revenue of the Danish brewing concern Carlsberg exceeded market forecasts in 2018. Revenue increased by 3% to 62.5 billion krones from 60.66 billion in 2017. Net profit increased 4.2 times to 5.31 billion krones or $812 million. Last year, the Baltika brand assets depreciated, which is why Carlsberg lost 4.6 billion krones. Beer sales rose in world markets, so the figures exceeded market expectations. This year, the concern will increase the size of dividends by 13% to 18 krones per share. Sales in 2018 increased by 4.8%. Tuborg beer sales increased by 10%, Carlsberg sales - by 5%, Grimbergen - by 14%. Sales 1664 Blanc increased 1.5 times. Sales growth in Western Europe was 3.6%, in Asia - 6%. In Eastern Europe, beer sales grew by 3.1%. In Russia, where for the first time they recorded growth in demand for beer over 11 years, sales increased by 2%. Carlsberg has increased its capitalization by 12% since the beginning of the year.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The first-quarter sales of Carlsberg (CARLb.CO) fell by 7% on Thursday. While the Dutch brewing company anticipates further decline in its second-quarter sales due to beer demand in grocery stores, it failed to consider the closure of pubs ...
Facebook Inc (FB.O) will introduce a newly-developed mobile gaming application on Monday. The application was designed to bring a live game streaming experience in an attempt to compete against Amazon.com Inc’s Twitch, Google’s ...
China’s industrial firms’ profits sank to the lowest in a decade, with mining, manufacturing, and power sectors all suffering from steep declines due to the coronavirus impact. Profits in the first two months of the year fell 38.3% ...
Boaz Weinstein's primary hedge fund Saba Capital Management LP disclosed a 33% gain in March amid a market severely affected by the coronavirus pandemic. The profits added its year to date gain up to 67%, a letter to its clients said. Saba’s ...
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