Carlsberg First-Half Operating Profit Up 20%

By Noemie BisserbeFeaturesDow Jones Newswires

Danish brewer Carlsberg's (CARL-A.KO) half-year operating profit before special items rose 20% to 4.13 billion Danish kroner ($652 million), beating analysts' forecasts of 3.84 billion kroner.

Revenue for the six months ended June was 31.77 billion kroner, below estimates of 32.29 billion kroner.

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The company maintained its outlook for 2017 of mid-single-digit percentage growth in organic operating profit. Net profit rose 23% to 2.30 billion kroner, boosted by growth in Asia and improving margins in Western Europe.

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(END) Dow Jones Newswires

August 16, 2017 01:46 ET (05:46 GMT)