Katarina Gustafsson Stockholm
CARLSBERG reported first-quarter profit yesterday that beat estimates, as the brewer increased its leading share of the Russian beer market and sales surged in Asia.
Earnings before interest and tax, excluding some one-time items, rose 15 percent to 661 million Danish kroner (R1 billion), the Danish maker of Tuborg said. A survey of 13 analysts had expected 624 million kroner on average.
Carlsberg gained as much as 5.5 percent in Copenhagen trading, the steepest intraday advance in 11 months. The stock rebounded after falling 7.2 percent in April.