herald

Monday 16 July 2018

Carlsberg profits sink

BEER manufacturer Carlsberg saw shares decimated after it slashed its profit due to weaker Russian sales.

The shares fell by as much as 19pc, wiping 10 billion kronor (€1.32bn) off the company's market value.

The Copenhagen-based company said that adjusted net income will rise 5pc to 10pc compared with a prior forecast of a 20pc increase.

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