Carlsberg half-yearly sales rise 6.5per cent

Carlsberg half-yearly sales rise 6.5per cent

Carlsberg reported a 6.5per cent rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved.

FILE PHOTO: Carlsberg beer cans are seen at a pub in Mumbai
FILE PHOTO: Carlsberg beer cans are seen at a pub in Mumbai, India, October 20, 2018. REUTERS/Danish Siddiqui/File Photo

REUTERS: Carlsberg reported a 6.5per cent rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved.

Sales in the first six months of the year came in at 32.99 billion Danish crowns (US$4.93 billion), the company said.

"We delivered a strong set of results for the first six months of 2019, with healthy top-line development, strong margin improvement and continued solid cash flow" Chief Executive Officer Cees 't Hart said.

Last week, Carlsberg raised its full-year profit expectations higher following strong sales in the first half of 2019.

(US$1 = 6.6898 Danish crowns)

(Reporting by Nikolaj Skydsgaard; Editing by Shounak Dasgupta)

Source: Reuters

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