Carlsberg Posts Rise In Q3 Profit

Carlsberg A/S (OTC: CABGY) reported a rise in its third-quarter net profit.

Carlsberg's quarterly net profit surged to DKK2.21 billion, from DKK2.14 billion, in the year-ago period. However, analysts were expecting a net profit of DKK2.1 billion.

Its sales fell to DKK17.97 billion from DKK18.59 billion, while operating profit dropped to DKK3.43 billion from DKK3.60 billion.

Carlsberg shares closed at $19.78 yesterday.