Danish brewer Carlsberg reported a 10 percent increase in quarterly operating profit and said it stood by its full-year outlook after gaining market share in Russia.
"It is particularly positive to report that we are back on a growth trend in Russia," chief executive Jorgen Buhl Rasmussen said Wednesday.
The world's fourth-largest brewer said Wednesday that its market share in the competitive Russian market, where its brands include market leader Baltika, rose to 38.9 percent in the third quarter from 37.9 percent in the April-June period.
(Reuters)
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.