Denmarks Carlsberg A/S turned in a 25% jump in half-year net profit, with the recent sale and swap of beer assets as part of a corporate restructuring offsetting a decline in beer volumes and revenue.
The brewer has been plagued by lackluster earnings amid pressure from declining Eastern European markets and a weak ruble, and it said beer markets in the region continue to be hit by the challenging macro environment, especially in Ukraine and Russia. Volumes were flat but the Russian beer market fell by 2% and the Ukrainian market declined 6%, it said Wednesday.
The Russian ruble remains Carlsbergs biggest single currency exp…
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