Tuesday, February 21, 2006

S&N COMES OUT LOOKING WELL IN STRANGLED UK MARKET

Scottish & Newcastle, the largest brewer in the UK, announced today a 9.5% jump in pre-tax profit to $638.1 million. Revenues rose 4.1% and share increased 1% in the declining British beer market. Baltic Beverages Holding, S&N’s Easter European brewing arm along with Carlsberg, increased profits by almost 24%. The brewer expects the Russian market to grow 3-5% in 2006.