Carlsberg Reports Surprise Net Profit

By Christina Zander

STOCKHOLM--Danish brewer Carlsberg A/S (CARL-A.KO) said Wednesday that it expects to generate "low-single-digit" organic sales growth in 2016 as it reported an unexpected profit for the fourth quarter.

The world's fourth-largest brewer reported a fourth-quarter net profit of 78 million Danish kroner ($11.80 million) compared with a net profit of DKK168 million in the same period a year ago, as impairment and restructuring charges weighed on results. Analysts polled by FactSet had expected net loss of DKK254 million.

Sales in the fourth quarter rose to DKK14.66 billion from DKK14.33 billion a year ago, driven by a strong Asian performance. Operating profit was DKK1.41 billion, down from DKK1.79 billion a year earlier.

The board proposed a dividend of DKK9.00 a share, unchanged from a year earlier.

The company's shares closed at DKK547.50 Tuesday.

-Write to Christina Zander at christina.zander@wsj.com

(END) Dow Jones Newswires

February 10, 2016 01:40 ET (06:40 GMT)

Carlsburg AS (PK) (USOTC:CABGY)
Historical Stock Chart
From Jun 2024 to Jul 2024