Carlsberg Posts Lower Q3 Profit

Carlsberg A/S

posted a decline in its Q3 net profit. Carlsberg's quarterly net profit dropped to 2.14 billion Danish kroner ($368.3 million), from DKK3.01 billion, in the year-ago period. However, analysts were expecting a net profit of DKK2.23 billion. Its sales surged to DKK18.81 billion from DKK17.44 billion, versus analysts' estimates of DKK18.62 billion. Carlsberg's operating profit rose to DKK3.60 billion from DKK3.28 billion, versus estimates of DKK3.75 billion. Carlsberg shares closed at $17.97 yesterday.