Russia Gives Carlsberg a Boost in Q1

Danish brewer Carlsberg met forecasts with a 38 percent rise in first-quarter operating profit, aided by growth in Asia and rebound on the Russian market. The brewer kept its 2011 outlook unchanged, and said Wednesday that it expected Russian beer volume to grow 2 to 4 percent, but that the cost of sales worldwide would rise due to higher input costs as the price of raw materials continue to climb. “We […]