Carlsberg Posts Q1 Profit

Carlsberg A/S (OTC: CABGY) posted a profit in the first quarter.

Carlsberg posted a quarterly net profit of DKK62 million, versus a year-ago loss of DKK76 million. However, analysts were expecting a profit of DKK26.4 million.

Its revenue climbed 3.9% to DKK13.28 billion, versus analysts' estimates of DKK12.91 billion. Its operating profit climbed 15% to DKK661 million from DKK574 million.

Carlsberg shares closed at $19.27 yesterday.